Tuesday, April 5, 2011

Lincoln Property Company Acquires 55 Allen Plaza in Atlanta on Behalf of Pension Fund Client

ATLANTA, GA (April 5, 2011) –Lincoln Property Company, one of the most respected and diversified real estate service firms in the U.S., said today it has acquired 55 Allen Plaza (top left photo) on behalf of a pension fund client.

Lincoln has taken over leasing and management of the landmark office tower situated prominently overlooking the Downtown Connector on downtown’s northern edge.

The location of 55 Allen Plaza makes it an attractive option for companies seeking space with easy access to Atlanta’s intown markets.

The office tower’s location on the Allen Plaza mixed-use development means tenants are surrounded by amenities including restaurants, the W-Atlanta Downtown Hotel & Residences, shopping and Centennial Olympic Park.

“55 Allen Plaza is a top-quality office tower with unparalleled access and name recognition,” said Tony Bartlett (middle right photo), senior vice president of Lincoln’s Southeast Region.

 “Its tenant roster, which includes Ernst & Young, Skanska, Cushman & Wakefield and ASD, is filled with excellent companies. Lincoln intends to focus on leasing the remaining 80,000 square feet of available office space and providing top-quality management for the existing tenants at 55 Allen Plaza.”

The 350,000-square-foot Class A office tower opened in May 2007.

The addition to 55 Allen Plaza fortifies Lincoln’s already-strong position in Atlanta’s downtown and Midtown submarkets, increasing the company’s presence there to more than 1.2 million square feet.

Lincoln Vice Presidents David Danhof (middle left photo) and Leigh Braswell (lower right photo) are in charge of leasing at 55 Allen Plaza.

“The office tower at 55 Allen Plaza is the newest Class A multi-tenant building downtown” Danhof said. “Its efficient floor plates, accessibility, amenities and views make it an attractive office location.”

For more information on the Southeast Region of Lincoln Property Company, please visit http://www.lpc.com/  or http://www.lpcsoutheast.com/

For more information, contact

Tony Wilbert, Wilbert News Strategies,  404-965-5022 or 404-405-3656

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