CBRE Arranges 37,000 Sq. Ft. of New Office Leases at Avalon in Alpharetta

Staff Report

Tuesday, May 17th, 2022

CBRE today announced five new office leases at Avalon, an 86-acre mixed-use development in Alpharetta, Georgia, one of Atlanta’s most active suburban submarkets. These new leases totaled 36,928 sq. ft. and were signed over the last 12 months.

Peter McGuone, Bryan Heller and Parker Welton of CBRE’s Landlord Representation Group in Atlanta represented the property’s ownership, PGIM Real Estate. Lease terms were not disclosed.

“Momentum continues to build at Avalon, one of the highest quality mixed-use projects in the country, and these latest leases are proof that office tenants are quickly back-filling second generation vacancies at top of market rents,” said Mrs. Welton, Senior Associate at CBRE. “Avalon remains attractive not only due to its best-in-class, mixed-use offerings not found anywhere else in the Southeast, but also because of the great people behind this project. We’d like to thank PGIM Real Estate’s asset management team and North American Properties’ property management team for striving to maintain and continuously elevating the premium community-driven experience that Avalon delivers.”