Safety, Income & Growth Inc., the leading company focused on ground leases, announced it has originated a new ground lease on two office buildings, 100 & 200 Glenridge Point, in the Central Perimeter submarket of Atlanta, Georgia with repeat client Richmond Honan.

The transaction marks the third time Richmond Honan has utilized a SAFE Ground Lease solution and represents SAFE’s fourth successful ground lease in Atlanta, GA. The ground lease features fixed annual rent escalations over 99 years with periodic CPI-based adjustments. The two adjacent Glenridge Point buildings are both five stories and total 185,000 sf. The property is well-located at the intersection of GA-400 and I-285, near three hospital systems, three MARTA transit stations, and multiple corporate headquarters.

“We are building strong momentum in the Atlanta marketplace. The SAFE Ground Lease provides a low-cost, long-duration solution that continues to enable clients to unlock value and achieve better returns,” said Greg Camia, Senior Vice President in the Atlanta office.