Transwestern Brings Lenox Overlook To 100 Percent Leased

Aug 14, 2015, 19:15 ET from Transwestern

ATLANTA, Aug. 14, 2015 /PRNewswire/ -- Transwestern's Southeast office today announces Scout Marketing has executed an expansion at Lenox Overlook, bringing the property to 100 percent leased. Transwestern Vice Presidents Jeff Taylor and Don Reeves provide exclusive leasing services for the Buckhead building at 3391 Peachtree Road in Atlanta on behalf of the owner, BRE/Swiss LP.  

"Lenox Overlook was 66 percent leased just over a year ago," said Taylor. "Our team was determined to bring the asset to more than 95 percent occupancy within one year by making necessary capital improvement recommendations to update common areas and executing a strategic marketing campaign."

Transwestern completed three deals within 12 months, bringing occupancy to 96 percent. With the expansion of Scout Marketing in July 2015, the asset has reached 100 percent leased. Transwestern added further value by securing extended terms on all leases at premium rental rates with market tenant improvements.

"Our leasing success in the last 18 months has substantially improved the overall performance of Lenox Overlook," said Bruce Ford, Transwestern's Southeast president. "Jeff and Don have been diligent about implementing a win-win approach for each lease and catering to tenant needs, which is competitive in today's evolving office market."

In addition to leasing, Transwestern provides property management services for Lenox Overlook.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Atlanta office, follow @TranswesternATL.

Media Contact:
Kristine Turner
404.842.6608
Kristine.turner@transwestern.com

 

SOURCE Transwestern



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