ATLANTA – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has been awarded the leasing assignment for Preston Ridge II on behalf of the ownership, Westdale Real Estate & Asset Management. Preston Ridge II is a Class A, 150,000-square-foot office building located at 3480 Preston Ridge Road in Alpharetta, Georgia. PMRG's Chip Roach and Stephen Clifton are handling the leasing.
"Preston Ridge is one of North Atlanta's premier office buildings in the heart of the region's best residential, retail and corporate environments," said Bill Weghorst, Executive Vice President and Director of Leasing within PMRG's Southeast Region Division. "The building is ideal for companies looking for Class A space in North Fulton."
Preston Ridge II is centrally located in North Atlanta's strong performing North Fulton office submarket with convenient access to the newly improved Old Milton Parkway and Georgia 400. The building is 87.9% percent leased to several high profile tenants including Medquest Associates, iStar Financial, and Argo Group. Preston Ridge II is just minutes from retail, dining and hospital amenities including the new Avalon mixed-use development and North Point Mall.
Weghorst went on to say that "Atlanta’s office market fundamentals continue to steadily improve with 15 consecutive quarters of positive absorption, recording just over 8.2 million sq. ft. of occupancy gains since the end of the Great Recession."