ATLANTA, GA - Officials with PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced it was awarded the leasing and property management assignment for Northridge Center I and II, located at 365 and 375 Northridge Rd. respectively, in the Central Perimeter submarket of Atlanta. Northridge Center I and II is owned by KBS Capital Advisors (KBS), an affiliate of KBS Realty Advisors, one of the nation's largest buyers of commercial real estate and structured debt investments.
The experienced PMRG leasing team, consisting of the senior leadership of Bill Weghorst and David Tyler, will be presenting this opportunity to the market. KBS and PMRG's objective is to re-energize the project and renovate both buildings. According to Bill Weghorst, Executive Vice President and Director of PMRG's Southeastern Region, "the vacancy at Northridge Center I & II creates a unique opportunity for large users and/or companies looking for a headquarters location. Northridge Center I is completely vacant and consists of approximately 64,190 rentable square feet, while Northridge Center II has a contiguous block of approximately 90,000 rentable square feet. Collectively, the two buildings can meet the space requirements of small tenants all the way up to a large user of 150,000 rentable square feet."
In addition to the leasing assignment, PMRG will provide industry-leading property management services at Northridge Center I and II. With a track record of enhancing asset value, PMRG will utilize experienced professionals, proven systems and advanced technology to develop comprehensive, property-specific plans to meet the needs and objectives of KBS.
Northridge Center I and II boasts approximately 185,954 rentable square feet (64,190 and 121,764 rentable square feet, respectively) and offers on-site management, engineering and a fitness center, as well as convenient access to many area amenities such as restaurants, banks, golf courses, and high end residential housing.
KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber. Since 1992, KBS-affiliated companies have completed transactional activity of approximately $20 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs. For information, visit www.kbsrealty.com.