Vision Properties announces recapitalization of Wildwood Center in Atlanta’s Northwest submarket

Vision Properties today announces that Wildwood Center, a 692,707-square-foot office building in Atlanta’s Northwest submarket, has been successfully refinanced. The recapitalization is one of the largest for a metro Atlanta office building this quarter. In addition, Wildwood Center has seen 262,680 square feet of recent lease transactions, including new leases and renewals. JLL Executive Vice Presidents David Horne and Glenn Aspinwall and Vice President Alexis Easterling handle leasing efforts for Wildwood Center.

“With the refinancing for Wildwood Center now complete, the building is stabilized for long-term success and is capable of supporting the growth of future tenants,” said Anthony Arena, principal at Vision Properties. “Paired with the recent leasing momentum, Wildwood Center continues to be a well-positioned asset for prospective tenants.”

Wildwood Center encompasses 11 stories and offers flexible floor plates, high-quality spec suites and panoramic views of the Atlanta skyline and Chattahoochee River National Park. Over the last 10 years under current Ownership, Vision Properties has consistently invested significant capital into upgrading the Class-A building and all of its amenities, including the new Tenant Lounge, robust Conference Center, Café and adding collaborative seating in both the main atrium and outdoor seating areas. In an effort to offer the Fitness Center at no cost to its tenants, Ownership has pivoted from a third party operator and brought that in house. In addition, Vision Properties is adding 25,000 square feet of spec suites on the building’s top floor that will deliver in mid-2024.

“The location of Wildwood, combined with its amenities, creates the modern workplace experience that companies need to recruit talent and grow their business,” said JLL’s Horne. “With the building now successfully refinanced, the momentum at Wildwood Center is a positive bellwether for the office market. As we continue to see tenants recommit to retaining their office space, we’re confident that the building will remain competitive within Atlanta’s highly sought-after Northwest submarket.”

The campus features free covered parking and an on-site property management team. Tenants also have access to a remodeled lobby and more than 1,200 acres of trails along Chattahoochee River National Park. Located one mile from Truist Park and The Battery, Wildwood Center offers tenants unmatched retail offerings within the submarket and benefits from excellent access to I-75 and I-285. The building is also adjacent to new walkable multifamily and retail additions on Powers Ferry Road.

According to JLL Atlanta's Q4 Office Insight, leasing activity is rising and continues to be an optimistic indicator for Atlanta’s office market. Notably, Class-A office space within Atlanta’s Northwest submarket reported one of the lowest vacancy rates across the metro last quarter. As demonstrated by recent leasing activity at Wildwood Center, high-quality space in well-located submarkets continues to drive the bulk of tenant demand. JLL’s experts predict that the year’s energized leasing activity will continue given Atlanta’s long-term appeal.

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