ATLANTA, GA – PMRG announced today it has been awarded the leasing and property management for Crown Pointe, a 515,949-square-foot, two-building, Class A office park in the Central Perimeter submarket of Atlanta, Georgia. Scott Rees, Stephen Clifton and Zach Wooten will oversee the leasing and marketing for the asset.
KBS Realty Advisors, the new ownership, is already far along in the design phase with architects to finalize the plans for significant renovations to the two buildings’ lobbies, common areas, and exterior landscapes.
“Crown Pointe already has the most convenient access and connectivity to area amenities in the Central Perimeter, says Scott Rees, Senior Vice President at PMRG. “The property has great bones and a beautiful park setting which is an ideal amenity for its tenants. By redesigning common areas, creating building amenities offering cutting edge workday experiences and activating the outdoor green space, we will be offering a work environment that is unique in the submarket.”
President of PMRG’s Eastern Division, Bill Weghorst, adds: “We have worked with KBS on several assets in Atlanta and around the country. The company is a valued client and market leader in providing customers with best-in-class work spaces. KBS has vast experience and a proven track record in transforming properties into very successful projects.”
Originally developed in the 1980s, Crown Pointe is located at 1040 and 1050 Crown Pointe Parkway and includes one 10-story building and one 18-story building. The well-located buildings are across the street from Perimeter Place, a mixed-use development with residential and more than 35 retailers and 15 eateries. The asset is also within walking distance to Perimeter Mall as well as the Sandy Springs MARTA station. Crown Pointe boasts direct access to Hilton Embassy Suites, whose ownership group has plans to proceed with property renovations in the near future. Crown Pointe is currently 72 percent leased to a diverse collection of high quality and successful companies.
Founded in 1992, KBS Realty Advisors invests in, manages and develops high quality commercial real estate across the United States. KBS currently owns over 40 million square feet of institutional grade real estate with an aggregate value in excess of $10 billion.