Campus 244_Property for Sale
Campus 244_Property for Sale
244 Perimeter Center Parkway Northeast, Dunwoody, GA, 30346, US

Campus 244

Asset description

The Institutional Capital Markets group of Jones Lang LaSalle, Inc. (“JLL”), as an exclusive advisor, is pleased to present the opportunity to acquire Campus 244 (“the Asset”, “the Project”) – an 89% leased, partially timber-built, newly delivered adaptive reuse creative office project with approximately 11 years of weighted average lease term remaining in Atlanta’s Central Perimeter submarket. Formerly known as the Gold Kist Building, the offices of Campus 244 were thoughtfully redeveloped as the center of a new mixed-use environment surrounded by a full-service Element hotel with a bar and independent restaurant, a stand-alone jewel box restaurant, a locally beloved taqueria, and abundant green space.


Campus 244 delivered in the second half of 2024 and has since reached 89% leased to a strong tenant roster, cementing its place in Central Perimeter’s office market and demonstrating one of the fastest post-Covid lease-ups of spec office developments in the entire Sunbelt. With an intense focus on employee attraction and retention, the Asset boasts impressive greenspace, dedicated outdoor tenant terraces, top floor amenities including a tenant lounge and fitness center with lockers and towel service, and best-in-class design features with 15’ ceiling heights and attractive finishes.

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Attributes

Building area net
412,500 sf
Occupancy
89%
Year built
2024
Land area gross
4.57 acres
WAULT
10.5 years

Media

Investment highlights

  • Best in Class, New Construction, Timber-Built Creative Office Project
  • Fastest Lease-Up of Spec Office in the Southeast
  • Strong Cash Flow and Long WALT
  • Mixed-Use Office Outperforms
  • Center of the Perimeter
  • Expected to Trade at a Discount to Replication Cost
Campus 244 4_Property for Sale
Campus 244 4_Property for Sale

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Campus 244 (0 Properties)

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Last updated
Jan 22, 2025