RealOp Investments Unites 12 Office Assets to Form Breck Exchange
Tuesday, March 24th, 2020
Less than nine months after entering the Atlanta metro market, RealOp Investments has announced the overhaul and repositioning of 12 buildings comprising three office parks on Breckinridge Boulevard.
The three single-story workplace neighborhoods consisting of close to 560,000 square feet of office space will now be known as Breck Exchange, said Chip Hunt, RealOp’s vice president of leasing and marketing. At the time of the sale, the portfolio was 72 percent leased with a tenant roster that included companies such as Primerica, Polytron, UPS and Q-Matic. More information can be found at www.breckexchange.com.
“When we acquired the portfolio, it was generally underutilized and lacked a greater purpose, so we had to get creative in our approach to shaping new on-site amenities,” Hunt said. “Through designing and activating communal outdoor amenity additions paired with an increased focus on serving our tenants, we hope to deliver an experience that improves the day-to-day experience for those within the portfolio.”
RealOp Investments is a South Carolina-based real estate investment firm purchased the properties located at 3025 Breckinridge Boulevard, 3350 Breckinridge Boulevard and 2825 Breckenridge Boulevard last May, grouping the assets into three distinct zones known as neighborhoods. Leading with a focus on hospitality, RealOp continues to promote a unique user-centered approach to management, with a personal touch. Overall, RealOp Investments has properties in five Southeastern states and 10 markets. As with most of the assets it acquires, RealOp targeted the portfolio for its value-add opportunities and steady in-place income.
“Suited to both tech-leaning start-ups and established engineering firms alike, Breck Exchange is catalyzing a sense of community for diverse experts of all shapes and sizes that want to locate in the heart of Atlanta’s Duluth submarket,” Hunt said.