Lincoln Property Company Southeast (Lincoln) has negotiated two new leases totaling 20,191 square feet at 55 Allen Plaza in Downtown Atlanta. Lincoln’s Senior Vice President Hunter Henritze, Senior Vice President Michael Howell and Vice President Caroline Fisher lease the building on behalf of the landlord.
DRB Group, a homebuilding construction firm based out of Rockville, Maryland, signed to occupy a 17,080-square-foot space at the building. Ming Zhu with KW Commercial represented the tenant. McArthur Law Firm, a personal injury attorney group, signed a 3,111-square-foot lease. Paul Homes with CBRE represented the tenant.
“55 Allen continuously proves to be an attractive option for companies looking to expand their presence in Downtown Atlanta,” said Lincoln’s Henritze. “Its state-of-the-art amenities, sweeping views of the city and upscale feel has lured a number of new tenants to the property in the past year. We are pleased to welcome DRB Group and McArthur Law Firm to the building and look forward to maintaining this leasing momentum at 55 Allen.”
Spanning 348,658 square feet and 14 stories, 55 Allen Plaza features floor-to-ceiling glass windows, enclosed parking, high-level building security, an on-site cafe, auto-detail salon and dry cleaning services on the property. The building was designed by world-renowned architect Pickard Chilton with ultimate efficiency in mind, boasting exposed ceilings and concrete floors throughout. 55 Allen also offers premier access to both Midtown and Downtown Atlanta, proximity to several MARTA stations as well as access both on and off I-75/I-85 via Williams Street.
The only submarket in Metro Atlanta to finish Q1 2022 with positive absorption was Downtown, which added 28,274 square feet of space. It also saw a vacancy rate of 19.1% last quarter, lower than nearby Buckhead and Midtown.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, with over 8,550 employees and an international footprint that includes offices in 450 cities across the United States and two offices in Europe. Since its inception in 1965, Lincoln has developed over 239 million square feet of office, industrial, and retail projects as well as 216,000 apartment units. Stemming from its development and ownership background, Lincoln’s operating platform seamlessly integrates its various service lines, provides for consistent and measurable performance and utilizes cutting-edge technology over its 400+ million square feet of leased and managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com
