{"id":1004683980,"date":"2023-10-02T07:29:27","date_gmt":"2023-10-02T15:29:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004683980"},"modified":"2023-10-02T07:29:43","modified_gmt":"2023-10-02T15:29:43","slug":"tioga-capital-secures-27-ksf-lease-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/","title":{"rendered":"Tioga Capital Secures 27 KSF Lease in Atlanta"},"content":{"rendered":"
\"Barrett<\/a>

Barrett Summit spans 180,000 square feet. Image courtesy of Lincoln Property Co.<\/em><\/p><\/div>\n

Tioga Capital <\/strong>has secured a 27,000-square-foot lease with infrastructure contractor Plateau Excavation, at Barrett Summit, a three-building, 180,000-square-foot creative office property in Kennesaw, Ga.<\/p>\n

Lincoln Property Co. <\/strong>Vice Presidents Matt Fergus and Seabie Hickson oversee leasing at the property and secured the tenant. NAI Brannen Goddard<\/strong>\u2019s Managing Director David Dixon represented Plateau Excavation in the agreement.<\/p>\n

The owner purchased the property in 2022 for $11 million and financed the acquisition with a $14.8 million loan from Georgia Banking Co<\/strong>., according to CommercialEdge.<\/p>\n

Barrett Summit has floorplans ranging from 25,000 to 40,000 square feet and features 912 parking spaces. Other tenants at the property include Old Republic Aerospace and Excel Electrical Technologies, CommercialEdge data shows. Ownership has recently implemented various upgrades to the properties.<\/p>\n

Located at 1990 Vaughn Road NW, the 14.6-acre property is close to Highway 41 and Interstate 75, some 5 miles from Marietta and roughly 24 miles from Atlanta. It is also adjacent to the Cobb County International Airport and near the Town Center at Cobb shopping center.<\/p>\n

As of August, Atlanta\u2019s office vacancy rate stood at 18.7 percent, above the national rate of 17.5 percent, a recent CommercialEdge report<\/a> shows. The average listing rate in the metro was $31.01, according to the same source.<\/p>\n

One of the largest recent leases in the metro area was Morgan Stanley\u2019s 100,000-square-foot expansion<\/a> in Alpharetta, Ga., bringing the firm\u2019s footprint to a total of 216,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The owner purchased the property in 2022 for $11 million. <\/p>\n","protected":false},"author":3120,"featured_media":1004683990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21742,21747,32781],"tags":[32838,34585],"class_list":["post-1004683980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-latest","category-office","category-southeast","tag-lincoln-property-company","tag-nai-brannen-goddard"],"acf":[],"yoast_head":"\nTioga Capital Secures 27 KSF Lease in Atlanta - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Tioga Capital has secured a 27,000-square-foot lease from Plateau Excavation, at Barrett Summit, a creative office park in Kennesaw, Georgia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tioga Capital Secures 27 KSF Lease in Atlanta\" \/>\n<meta property=\"og:description\" content=\"Tioga Capital has secured a 27,000-square-foot lease from Plateau Excavation, at Barrett Summit, a creative office park in Kennesaw, Georgia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T15:29:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-02T15:29:43+00:00\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Barrett-Summit-e1696246029507.png\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/\",\"name\":\"Tioga Capital Secures 27 KSF Lease in Atlanta - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Barrett-Summit-e1696246029507.png\",\"datePublished\":\"2023-10-02T15:29:27+00:00\",\"dateModified\":\"2023-10-02T15:29:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Tioga Capital has secured a 27,000-square-foot lease from Plateau Excavation, at Barrett Summit, a creative office park in Kennesaw, Georgia.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tioga-capital-secures-27-ksf-lease-in-atlanta\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Barrett-Summit-e1696246029507.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Barrett-Summit-e1696246029507.png\",\"width\":1616,\"height\":1212,\"caption\":\"Barrett Summit span 180,000 square feet. 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