Atlanta-based real estate investment firm, Glenfield Capital, joined Peachtree Corners leaders last week for a 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.
Since acquiring the property in late 2014, Glenfield Capital has invested more than $1 million in renovations and improvements, including the addition of a state-of-the- art conference center.
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.
"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 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.
"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.
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