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Colliers Assists Somerset Properties in First Atlanta Acquisitions

Acquisitions in Peachtree Corners and Johns Creek submarkets reflect growing preference for single-story office investing due to tenant demand trends

ATLANTA – January, 2022 – Leading diversified professional services and investment management company Colliers recently supported Somerset Properties’ expansion into the Atlanta market through the acquisition of two offices properties in the Peachtree Corners and Johns Creek submarkets. Senior Vice President Heather Lamb and Vice President Graham Little with the Atlanta office’s Landlord Services Group provided underwriting services in support of the company’s acquisition of the offices: Peachtree Corners II and III and 3970 John’s Creek Court. 

“It was an honor to work with Somerset Properties and facilitate their entry into the Atlanta market,” said Lamb. “These acquisitions follow the trend of investors turning to single story office projects as an increasingly preferred investment and conversion of it to creative office given the high demand from office tenants for this type space.”

Somerset Properties is a full service real estate company based in Philadelphia that operates in the eastern United States. The company focuses on the development, operations and investment aspects of for commercial flex, office, industrial and multifamily real estate.  

Peachtree Corners II & III is located at 4775 and 4855 Peachtree Industrial Boulevard along Technology Parkway. Besides being surrounded by Peachtree Corners’ many amenities including restaurants, retail, entertainment and greenspace, a large corporate presence and tech incubators have come into the area, attracting skilled millennial labor to the area. Peachtree Corners II & III consists of two parcels that contains approximately 21.45 acres. The property contains two, single story office buildings totalling 163,231 square-feet, 736 parking spaces, landscaping and pedestrian walkways. Peachtree Corners II & III  most notable tenants include Technicolor, Medical Doctor Associates and Pinnacle Promotions. Peachtree Corners II & III was built in 2001 and had a creative office transformation in 2019. Somerset Properties intends to further enhance the project with an upgraded outdoor tenant collobaration area and creating modern exposed-ceiling spec suites for the remaining vacancy. 

Located in the North Fulton submarket in the city of Suwanee, 3970 Johns Creek Court is a single story, 130,783 square-foot commercial property with office, flex R&D and light industrial uses. The property has maintained a 90% occupancy rate since its construction in 1998 due to its many uses and lack of comparable supply in the area. Somerset Properties’ property improvement plan includes a refresh of the property’s exterior façade and landscaping upgrades but continue to market to light industrial users. The Johns Creek masterplan connects the property with unparalleled amenities and many routes within the region’s transportation network. 

Lamb and Little have been retained by Somerset Properties to market and lease Peachtree Corners II & III and 3970 Johns Creek Court.   

 
 

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Heather Lamb

Senior Vice President

Atlanta

As Senior Vice President and Co-Market Leader of Colliers | Atlanta Landlord Services Group, Heather Lamb is responsible for the oversight of the firm’s office agency leasing professionals who represent investors in office properties in the Metro Atlanta area and new business development.

Heather approaches every office leasing solution as an opportunity to work with forward-thinking clients to help them achieve their goals and maximize the potential of each property. She believes in embracing an enterprising philosophy to office leasing – acting quickly to create and seize opportunities for her clients and generating new and creative solutions to the evolving challenges they face.

Heather is dedicated to driving exceptional results with the right solutions for her office landlord clients in the Atlanta metropolitan area. She leverages a unique balance of creative ingenuity and financial acumen to deliver comprehensive leasing strategies that position her clients’ success through innovative property marketing, competitive analysis and risk minimization with thoughtfully negotiated leasing.

Heather Lamb joined Colliers International in 2020 and is the Co-Market Leader of Colliers | Atlanta Landlord Services Group focused exclusively on representing Atlanta’s forward-thinking office building landlords. Prior to joining Colliers, Heather led the leasing for more than 7 million square feet of office buildings and completed over $600 million in leasing transactions, most recently as Senior Vice President with CBRE’s Advisory & Transaction Services. Notable assets include 1075 Peachtree in Midtown, Peachtree Center in Downtown, Avalon in Alpharetta, Forum North and Technology Park in Peachtree Corners, Satellite Place and Gwinnett Commerce Center in Duluth.  Throughout her 16-year career in commercial real estate, Heather has emerged as a leader within the local industry becoming one of the most recognized names in office leasing in the Atlanta area.

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Graham Little

Vice President

Atlanta

As Vice President of Colliers’ Landlord Services Group, Graham Little is a member of the agency leasing team focused exclusively on office properties in and around the Atlanta metropolitan area. Since relocating to Atlanta in 2014, Graham has been entrusted to market and lease some of the city’s most iconic projects including Peachtree Center, Marquis I & II, Phipps Tower, The Proscenium, 1100 Peachtree, and Campanile.

Graham’s vast market knowledge and relationships within the Atlanta community allow him to maximize value for his clients. His previous leasing roles working “in house” with both instituational owners and private devleopers have allowed Graham to attain unique insights and skills thinking like an owner to be his client’s strategic partner. Graham is dedicated to acting quickly to create and seize opportunities for his clients, embracing change and thinking differently to generate new and better solutions. He leverages an astute understanding of financial analysis to provide rational, detailed agency leasing solutions to accelerate success.

Graham believes trust and integrity are essential for the relationships he builds with his clients, colleagues, and community. His commitment to doing what’s right enables him to deliver solutions that transform and improve the assets, submarkets, and communities in which his clients operate.

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