Grant Keyes and Jessica Brown of Cushman & Wakefield represented the landlord, Viking Partners, in the lease negotiation. Conor Brennan and Jeff Feste of JLL represented the tenant.
“Forest Park I is a single-story office building offering direct access, minimized touchpoints and an opportunity for tenants to control their space, key factors which are sought after due to the COVID-19 impact on workplace strategy,” Keyes said. “This full-building lease with an international company started pre-COVID and transacted in the midst of the pandemic due to positioning of the asset and is a testament to the desirability of this product type.”
Located at 700 and 800 Forest Point Circle, the properties offer convenient access to Interstate 77 and Interstate 485 via Arrowood Road, with surrounding area amenities including retail, high-quality hotels and both executive and moderately priced housing. Both buildings offer floor to ceiling glass, roll-up doors and high parking ratios of 6/1,000 square feet, providing a creative and functional office environment for office and flex users seeking quality space.
“While social distancing measures are being implemented in many offices, layout efficiencies remain a focal point for tenants seeking to control cost, and assets with higher parking ratios like Forest Park I are well-positioned as employees return back to the office,” Keyes added. “We remain bullish on this product type and have seen an uptick in interest on the remaining 40,256 square feet of availability at Forest Park I Building 700.”