99 west paces ferry road
TRANSCRIPT
99 West Paces Ferry Road99 West Paces Ferry Road, Atlanta, GA 30305
COLEMAN MORRISVice Presidenttel: +1 404 574 [email protected]
PREPARED BY:
P. 2COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Table of Contents
Property Summary
Summary of Property 3 Demographics Summary 4
Property Maps
Street Map 5 Aerial View 6-7
Property Details
Property Site Plan 8 Property Images 9
Area Information
Metro Atlanta Overview 11
Contact Information
The Leasing Team 14
P. 3
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
COLLIERS INTERNATIONAL
Colliers International – Atlanta Realty, LLC, and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers Internation-al Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2011. All rights reserved.
Summary of Property
ABOUT 99 WEST PACES FERRY ROAD
99 West Paces Ferry Road is a 16,000± SF retail/offi ce building located in Buckhead. The affl uent Buckhead address boasts strong demographics with an average household income of $124,893 within a 3-mile radius, and a daytime population of approximately 140,000.
AVAILABLE SPACE:
Space 1: 3,410± SF
RATE/RSF/YEAR:
Negotiable
LEASE TERM:
Negotiable
CO-TENANTS:
Impressions Inc., Celebrity on Paces LLCl
AREA HIGHLIGHT:
Located in the heart of Buckhead, 99 West Paces Ferry is a retail/offi ce building that is conveniently located 1.5 miles from Lenox Square Mall and Phipps Plaza, two of the Southeast’s premier shopping destinations. It is also within walking distance to the retail shops and restaurants on East Andrews Drive and within minutes of the future site of Buckhead Atlanta.
PARKING, ACCESS & LOCATION
PARKING DETAILS:
75 surface spaces available
STREET FRONTAGE:
Directly facing West Paces Ferry Road
ACCESS DETAILS:
170 feet on West Paces Ferry Road with two curb cuts
CLOSEST MAJOR CROSS STREET:
West Paces Ferry Road & Roswell Road
TRAFFIC COUNTS:
› 16,650 VPD west of center on West Paces Ferry Road
› 23,370 VPD north of center on Roswell Road
› 36,256 VPD south of center on Peachtree Road
› 38,620 VPD north of center on Peachtree Road
HIGHLIGHTS
> Less than 1.5 miles from Lenox Mall & Phipps Plaza
> Great visibility
> Strong Demographics
> Daytime population of 289,204
P. 3
P. 4COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
1-MILE 3-MILE 5-MILE
POPULATION
2014 Estimated Population 14,952 114,633 299,5452019 Projected Population 16,051 123,337 316,758Projected Annual Growth 2014 to 2019 7.3% 7.6% 5.7%Median Age 37.2 34.4 32.7
HOUSEHOLDS
2014 Est. Households 8,873 58,501 142,1832019 Proj. Households 9,516 63,247 151,924Projected Annual Growth 2014 to 2019 7.2% 8.1% 6.9%
HOUSEHOLD INCOME
2014 Est. Average Household Income $121,168 $125,453 $114,6642014 Est. Median HH Income $61,760 $69,323 $63,2792014 Est. Per Capita Income $72,119 $64,094 $55,182
HOUSING UNITS
Total Housing Units 9,748 62,569 153,387Occupied Housing Units 36.4% 38.4% 36.7%Vacant Housing Units 9.0% 6.5% 7.3%Renter Occupied Housing Units 54.6% 55.1% 56.0%
BUSINESSES
2014 Est. Total Number of Employees 28,418 115,687 294,5952014 Est. Number of Businesses 2,423 10,401 23,156
Demographics Overview
P. 5COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Street Map
99 WEST PACES
FERRY ROAD
P. 6COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Aerial Map
14
2
3
1 PIEDMONT-PEACHTREE CROSSING
2 BUCKHEAD PLACE
3 BUCKHEAD PAVILION
85
400
NORTH
4 LENOX SQUARE MALL
5 PHIPPS PLAZA
6 LENOX MARKETPLACE
5
6
7
8
9
7 THE PEACH SHOPPING CENTER
8 BUCKHEAD CROSSING
9 LINDBERG PLAZAKETPLACE
16,650 VPD
16,650 VPD
23,370 VPD
23,370 VPD
36,2
56 V
PD
36,2
56 V
PD
38,620 VPD
38,620 VPD
P. 7COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Aerial Map
NORTH
RO
SW
ELL R
D
RO
SW
ELL R
D
PEACHTREE RD
PEACHTREE RD
PHARR ROADPHARR ROAD
W PACES FERRY RD
W PACES FERRY RD
Cherokee Town & Cherokee Town & Country ClubCountry Club
AtlantaAtlantaHistory CenterHistory Center
PIE
DM
ONT R
D
PIE
DM
ONT R
D
16,650 VPD
16,650 VPD23,370 VPD
23,370 VPD
36,2
56 V
PD
36,2
56 V
PD
38,620 VPD
38,620 VPD
P. 8COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Property Site Plan
P. 9COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Property Images
P. 10COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Property Images
P. 11COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
POPULATION AND INCOME BENCHMARKS
> Atlanta is Georgia’s capital and most populous city, as well as the economic and cultural hub of the South.
> The MSA ranks 6th economically in the nation with a GDP of $270 billion and 15th among world cities.
> Atlanta is the “Capital of the South” encompassing 28 counties, 140 municipalities, 8,400 square miles and boasts a population approaching 6 million, the 8th largest MSA in the United States.
> Atlanta has grown from a regional powerhouse to become one of the world’s top cities for business. Key factors contributing to Atlanta’s success is its superior transportation infrastructure that includes the busiest airport in the world, the largest highway system in the South, and extensive freight and passenger rail lines.
Area InformationLOCATION DRIVERS
› Global Air Service › Deep Talent Base › Sustained Population Growth › Epicenter of the Southeast Economy › Central Location › Mild Weather
STRENGTHS
› Diverse Economy › Strong In-Migration and Population Growth › Transportation, Distribution and Cultural
Center › Higher Education Center › Healthcare Center
STRENGTHS
› Rapid In-Migration › Recent Corporate
Headquarter Relocations
METRO ATLANTA IS
THE ECONOMIC ENGINE
FOR THE SOUTHEAST.
The Southeast is the leading market for population and economic growth in the
U.S. and represents the 5th largest economy (GDP) in the world at $3.4 trillion. Metro Atlanta’s $295 billion
GDP is forecasted to grow to $474 billion by 2040.
Most PopulatedMetro Areas in 2020 (Projection)
(in millions)
1 New York 19.52 Los Angeles 13.43 Chicago 10.34 Dallas 8.05 Houston 7.46 ATLANTA 7.3
7 Washington DC 6.18 Philadelphia 6.19 Phoenix 6.110 Miami 6.0
Source: U.S. Census Bureau, ProximityOne
P. 12COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
ATLANTA’S LOW COST STRUCTURE APPEALS
TO BUSINESS
> December 2014 - FDI Magazine ranked Metro Atlanta in top 20 in the world for “Global Cities of the Future”
> September 2014 - Area Development Magazine ranked Georgia as the No. 1 place in the nation in which to do business.
> June 2014 - CNBC ranked Georgia as the No. 1 state for business.
> Atlanta is one of the nation’s leading business centers with more than 1,000 companies choosing to either locate, relocate or expand into the city over the past decade. A few of the more notable recent announcements or moves to Atlanta include: State Farm, Asbury Automotive Group, NCR, Novelis, First Data, Pulte Homes, Athena Health, and Sony Ericsson. Atlanta’s strong economy is partly due to the MSA’s lower cost structure. As a result, the MSA has been attracting many new high-tech fi rms from emerging industries in fi elds such as biomedical, digital imaging, fi lm, interactive media and renewable energies.
> Globally recognized research centers are headquartered in metro Atlanta, including the U.S. Centers for Disease Control and Prevention and the Yerkes Primate Center. Atlanta is also home to the American Cancer Society, CARE and the Arthritis Foundation, Emory University, Georgia Institute of Technology, and Morehouse School of Medicine. Given the strong presence of such institutions in the MSA, it is no surprise that education and health services continue to be a key driver in Atlanta’s employment growth.
> A business-friendly environment, for more than 25 years Georgia’s corporate tax rate has remained at 6% or below which is why KMPG has ranked Atlanta as the least expensive major American city in which to operate a business.
Area Information
ECONOMIC AND BUSINESS DRIVERS
• Global air service - World’s Busiest Airport• Deep talent base• Sustained population growth• Epicenter of the Southeast economy• Central location• Mild weather• Attractive cost of living & cost of doing business• Diverse economy• Transportation & distribution center• Superior healthcare• Top Fortune 500 business city• Historically a top leader in job creation• Strong research centers at university level• Ranks 6th economically in the nation
TRANSPORTATION IN ATLANTA
> Atlanta’s central geographic location, interstate network system, quality of secondary roads, extensive bus and rapid transit system, airports and rail systems are unmatched in the Southern region.
> Hartsfi eld-Jackson International Airport continues to be the world’s busiest airport, serving over 95 million passengers a year. By 2015, the growth and economic impact of Hartsfi eld-Jackson is projected to reach over $32 billion annually. Hartsfi eld-Jackson’s cargo operations create an estimated 255,000 jobs annually.
> Atlanta’s three major interstate systems allow cargo delivery trucks to reach more than 80% of the nation’s industrial and consumer markets within two delivery days. In addition to road cargo, the city serves as the rail center of the South and is one of the fi ve most important distribution centers in the U.S. CSX Transportation and Norfolk Southern each operate more than 100 freight trains in and out of Atlanta daily.
P. 13COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
Metro Atlanta Fortune 500 & 1000 Headquarters
Rank # City # of HQ
1. New York, NY 432. Houston, TX 243. ATLANTA, GA 11*4. Dallas, TX 8
(tie) Minneapolis, MN 85. St. Louis, MO 7
(tie) San Francsico, CA 7(tie) Cincinnati, OH 7(tie) Chicago, IL 7
6 Englewood, CO 6(tie) McLean, VA 6(tie) Pittsburgh, PA 6(tie) Milwaukee, WI 6
7. Omaha, NE 5(tie) Richmond, VA 5(tie) San Antonio, TX 5(tie) Charlotte, NC 5(tie) Deerfi eld, IL 5
Source: Metro Atlanta Chamber analysis of 2013 FORTUNE 500 list, FORTUNE magazine, May 20, 2013 issue date.
CITIES WITH THE MOST FORTUNE 500 HEADQUARTERS
City Revenue (in millions) Rank
1. The Home Depot $74,754.0 342. UPS $54,127.0 533. The Coca-Cola Company $48,017.0 574. Delta Airlines $36,670.0 835. Southern Company $16,537.0 1716. Genuine Parts $13,031.9 2147. Suntrust Banks $11,240.0 2398. First Data $10,680.3 2549. AGCO $9,962.2 272
10. Rock-Tenn $9,207.6 29111. HD Supply $7,994.0 33012 Coca-Cola Enterprises $7,562.0 33913. Newell Rubbermaid $5,902.7 43314. NCR $5,792.0 441Source: Metro Atlanta Chamber analysis of 2013 FORTUNE 500 list, FORTUNE magazine, May 20, 2013 issue date.
METRO ATLANTA HEADQUARTERED FORTUNE 500 FIRMSMORE FORTUNE COMPANIES CHOOSE AN
ATLANTA HEADQUARTERS
> Atlanta ranks third among cities in the nation with the most Fortune 500 headquarters, behind only New York and Houston, with a 2014 total of 16 Fortune 500 Companies and 26 Fortune 1,000 Companies.
> More than 70% of the Fortune 1,000 companies have established operations in Atlanta. One of the nation’s oldest and most well-known companies, Coca-Cola, made its start in Atlanta in 1888. Home Depot started in Atlanta in 1978, and it is now the 25th largest company in the United States with annual revenues approximately $75 billion. The award-winning cable stations CNN, TNT, Headline News, The Weather Channel, and The Cartoon Network are also based here.
P. 14COLLIERS INTERNATIONAL
RETAIL/OFFICE BUILDING | 99 WEST PACES FERRY ROAD, ATLANTA, GA 30305
Colliers International – Atlanta Inc. and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies. Information contained herein has been obtained from the owner of the property or other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. You should conduct an independent investigation of the property to determine the suitability of the property for your needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved.
The Leasing Team
COLLIERS CAPABILITIES
Colliers provides a full range of services to real estate users, owners and investors worldwide, including corporate solutions, brokerage sales and leasing, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research.
Colliers Retail Services GroupColliers International Retail Services Group is organized with our customers’ ever-changing needs in mind, allowing us to deliver the complete range of services needed to make sound real estate decisions.
Over 350 retail specialists work in teams across regional markets, sharing markets data, transaction information and emerging trends, allowing us to provide best-in-class solutions. This collaborative approach, combined with superior local market knowledge, national reach and a global platform, makes Colliers a leader in real estate services for retail clients.
Staying true to our mission of providing the most professional third-party services to landlords and tenants, Colliers International’s Retail Services Group remains focused on delivering solutions that best serve our clients.
COLEMAN MORRIS
Vice President
dir: +1 404 574 1013fax: +1 404 574 [email protected]
Colliers International1230 Peachtree StreetSuite 800Atlanta, GA, 30309
www.colliers.com
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2015. All rights reserved.