Transwestern Implementing Strategic Capital Improvement Program
August 31, 2021
Atlanta – Transwestern Real Estate Services (TRS) announces its Atlanta Agency Leasing and Asset Services teams have embarked on a $4 million capital improvement program at Crown Pointe, a 509,792-square-foot office park at 1040 and 1050 Crown Pointe Parkway in Atlanta’s Central Perimeter submarket. Transwestern’s Stephen Clifton, Zach Wooten and Grace Meyer collaborated with building owner Pacific Oak Capital Advisors to implement improvements designed to elevate the office park’s experience for tenants and visitors.
“Pacific Oak understands the importance of creating a workplace environment people want to come to,” said Wooten. “Increasingly, tenants are seeking flexible, amenity-rich spaces that cater to a generationally diverse workforce. We see this reflected in new leases and renewals at Crown Pointe.”
Since the beginning of the year, Transwestern has completed the following four lease transactions totaling 50,377 square feet:
- Edifecs, a global healthcare technology company, signed a new 17,719-square-foot lease for its Atlanta regional office.
- Williams Benator and Libby, LLP, a full-service, Atlanta-based CPA firm, renewed 11,583 square feet.
- Vesta, a transaction guarantee platform for digital purchases, signed a new 11,176-square-foot lease.
- TJS Deemer Dana, LLP, a CPA firm with four Georgia locations, expanded its footprint at the building in a renewal for 9,899 square feet.
The property’s enhancements, including a new café with indoor and outdoor seating and an updated conference room that holds 50 people, are slated for completion in early 2022.
“The added amenities will complement recent improvements and help increase employee satisfaction and retention,” said Clifton.
Crown Pointe underwent a multimillion-dollar transformation from 2018 to 2019 to reimagine the office campus into a lifestyle experience. Improvements included new lobbies and common areas, upgraded fitness center, activated greenspace, refinished landscaping and refreshed wayfinding. The property features a 2,500-square-foot business lounge with Starbucks® coffee, outdoor walking paths and a pedestrian walkway to MARTA.
About Pacific Oak
Pacific Oak Capital Advisors is an alternative investment asset management company that focuses on sponsoring and distributing financial products that provide quality investment opportunities to financial advisors, registered investment advisors, institutional investors and high net-worth clients.
Pacific Oak is driven by its mission to pursue opportunity through a broad range of real estate investments and to develop and manage these investment opportunities for the benefit of our clients, including our investors, joint venture partners, tenants, associates and communities. Our investment professionals are dedicated to matching capital with opportunities that produce above-market results and growth through real estate, private equity, and other alternative investment product offerings. Pacific Oak and its affiliated companies currently manage a portfolio of real estate valued in excess of $3 billion.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.