Lincoln Property Company Southeast Retains Leasing and Management Assignment for Chastain Center, a Six-Building Office Park in Kennesaw

Staff Report From Metro Atlanta CEO

Thursday, March 12th, 2020

Lincoln Property Company Southeast (Lincoln) has retained the leasing and management assignment for Chastain Center, a prominent office park located in Kennesaw, Georgia, following its acquisition by Glenfield Capital. The park is comprised of six buildings, totaling over 300,000 square feet. Matt Davis and George Gwaltney of Lincoln will handle leasing on behalf of the owner. Lincoln’s Shane Froman will oversee management.
 
Strong leasing momentum over the past 24 months has stabilized Chastain Center to its current 86% occupancy with a robust and diverse roster of credit tenants with long-term leases in place, positioning the asset for a strong future. Current tenants include Aaron’s Inc., Dover Corporation and GSA. The park offers creative, open and collaborative interior office environments with ample natural light from full-height glass windows. In response to increased demand for open ceiling concepts, Glenfield Capital plans to renovate the remaining vacancies to offer these collaborative spaces with flexible options for prospects to take advantage of the building’s ceiling clear height.
 
“We’re excited to further grow our partnership with Glenfield Capital as we work together to create a dynamic work environment for new and existing tenants at Chastain Center,” said Lincoln’s Davis. “The Kennesaw market continues to attract business and industry alongside excellent educational resources, first-rate parks and public spaces, and high-quality residential communities, making it a premiere location for businesses looking to relocate to the Atlanta metropolitan area.”
 
The 303,000-square-foot office park is located in a heavily landscaped, 27-acre park setting and strategically positioned between I-75 and I-575, providing superior access to the site and the area’s thriving neighborhoods. Signage opportunities are available on major thoroughfare. Situated in the Kennesaw submarket, Chastain Center is also surrounded by a variety of amenities, including restaurants, retailers, banks, hotels and quality residential communities.
 
“Glenfield Capital looks forward to working with Lincoln to deliver an excellent experience to current and future tenants at Chastain Center,” said Glenfield Capital Managing Principal James Cate. “This acquisition exemplifies our strategy, and we’re pleased to return to the rapidly growing Kennesaw market.”