Acquisition of Northwinds Office Park, Alpharetta, GA

Deal value: $185 Million

Acquisition of Northwinds Office Park, a 1.1 million SF suburban office campus in Atlanta's tech corridor, targeting repositioning and lease-up.

The acquisition targets a suburban office asset in Atlanta's tech corridor during a period of suburban office market stabilization and flight to quality. The investment thesis capitalizes on the shift from downtown office to suburban locations, driven by employee demand for shorter commutes and corporate downsizing. Northwinds' 1.1M SF scale and tech corridor location position it to attract medical practices, professional services, and tech companies—the new wave of suburban tenants. The repositioning strategy aligns with market trends showing Class A suburban spaces generating 21-month longer lease terms than Class B/C buildings, with amenity-driven properties commanding premium valuations and occupancy rates exceeding 90%.