Business & Tech
Local Company Invests $1 Million in Peachtree Corners Property
Atlanta-based Glenfield Capital renovates office building adding contemporary design, high-tech facilities bring new life to office park.
Sept. 1, 2015 – Last week city officials joined senior management representatives in celebrating Glenfield Capital’s grand reopening of The Corners, a wooded office park comprised of four buildings with over 290,000 square feet. The Glenfield property is located on The Corners Parkway in Peachtree Corners.
The offices are home to the headquarters of several companies including Global Power Technologies, Generated Systems, Capstone Logistics and ProSys, as well as regional or operation offices for Sprint, Dematic, Toshiba, Market Force and PSA Healthcare.
Since Atlanta-based Glenfield Capital acquired the property in late 2014, the firm has invested more than $1 million in renovations and improvements, including the addition of a state-of-the-art conference center.
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“We saw value in the property’s location and the potential for it to excel in the area with an updated and modernized interior,” said James Cate, managing principal of Glenfield Capital.
Over the last two years, Glenfield Capital has invested more than $53 million in the Peachtree Corners properties. In addition to The Corners, the firm also owns Lakeside at Spalding Triangle near The Forum. Glenfield recently closed one of Atlanta’s largest leases in 2015 when Concentrix Corp. signed a long-term agreement for 55,000 square feet.
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“Glenfield has been a great contributor to the City of Peachtree Corners,” said Mayor Mike Mason. “I am always looking for ways to attract more businesses to our city, and companies like Glenfield that are willing to make investments in improving and modernizing dated properties go a long way to supporting that effort.”
JLL was selected to be The Corners exclusive leasing agency. Since Glenfield Capital acquired the property, the company has successfully leased more than 50,000 square feet of space and is working to lease the remaining 51,000 square feet of space.
Glenfield Capital is an Atlanta, GA-based private real estate investment company. Its principals have decades of real estate investment experience including more than $1 billion in advisory and principal activities. Glenfield’s current portfolio includes 800,000 square feet in the metro Atlanta area.
A Fortune 500 company, JLL is a professional services and investment management firm with more than 230 corporate offices, operating in 80 countries with a global workforce of approximately 58,000.
About the City of Peachtree Corners
Gwinnett County’s newest and largest city, Peachtree Corners was founded July 1, 2012 and is located along the shores of the Chattahoochee River in the southwest corner of the county. The city is home to some 38,500 residents and over 2,300 businesses.
Photo: Peachtree Corners Mayor Mike Mason speaks at grand reopening reception of the Glenfield Capital property.
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