ATLANTA, Georgia, December 6, 2024 – Full-service commercial real estate firm Lincoln Property Company (Lincoln) has been selected by KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, to help provide property management services for 201 17th Street, a Class A office tower in the heart of Atlanta’s Midtown submarket. 207 17th Street is owned by KBS Real Estate Investment Trust III, Inc.
Totaling 355,870 square feet and 18 stories, 201 17th Street is LEED Gold certified and features a 15,000-square-foot penthouse floor with an expansive outdoor deck that has a built-in grill, bar and skyline views. The building also has a café and a state-of-the-art conference center on-site. As part of the larger Atlantic Station mixed-use project, 201 17th Street provides tenants with walkable access to nearby amenities that include LA Fitness, a Regal movie theater, 20 restaurants, 50 retailers and a Publix grocery store. Office floorplates average 21,882 square feet with 11’ ceilings, supported by more than 7,000 parking spaces and the largest group of electric vehicle charging stations, in the metro area.
“We are already working closely with KBS in the Midtown submarket, fostering a relationship of mutual trust and respect, and delivering proven results,” said Lincoln Senior Vice President Shane Froman. “We are honored that they have selected Lincoln to manage 201 17th Street and are committed to protecting and improving its position as a cornerstone of Atlantic Station.”
The 201 17th Street assignment continues to elevate Lincoln’s Midtown property management portfolio, to include neighboring properties such as 171 17th Street, Circa 730, and One and Two Midtown Plaza. Across Georgia and Alabama, Lincoln manages more than 35 million square feet spanning office, retail and industrial assets.
“KBS’ objective when deciding on a property management team is to find the best team in the market where the asset is located,” said Allen Aldridge, asset manager of 201 17th Street and senior vice president and co-director of asset management at KBS. “Our first-hand experience with Lincoln at our other Atlanta property 171 17th Street, has proven that they are the right choice for 201 17th Street. We look forward to elevating the tenant experience at the building with their assistance.”
Lincoln will support KBS with all property management, accounting and construction management services at 201 17th Street, with an emphasis on property technology capabilities designed to uncover savings as they improve operational efficiency.
“Tech knowledge is key at 201 17th Street, which sits in a hub of innovative corporate neighbors and adjacent to one of the most impressive fiber networks in the nation,” said Froman. “Our team understands how to maintain and maximize these advanced systems, which this building and its tenants depend on.”
Lincoln’s construction management team will also assist KBS with tenant improvement activity at the property.
201 17th Street is located within Atlantic Station, a master-planned community with shopping, dining, entertainment, health and medical services, hotels, upscale residential and corporate uses, as well as a year-round events program. The area attracts more than nine million visitors per year, making it the fourth most visited attraction in Georgia.
To learn more about 201 17th Street, please see here.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
About KBS
KBS is one of the largest investors of premier commercial real estate in the nation. As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $45.2 billion on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates premier commercial real estate in some of the most successful epicenters in the country. The firm is committed in its business ethics, its business relationships, and its constant focus on exceeding the expectations of its investors, partners, and tenants. SEC registration as an investment advisor does not imply any particular level of skill or training. For more information on KBS, please visit www.kbs.com.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS Real Estate Investment Trust III, Inc.’s ability to invest in and manage a diverse portfolio, and the performance of 201 17th Street and of the Atlanta real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause 201 17th Street’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Lincoln Property Company Media Contact:
Jessica Dover
404-990-4226
jdove@lpc.com
KBS Media Contacts:
Ginny Walker
KBS Senior Public Relations Director
949-417-6535
gwalker@kbs.com
Sophia Reznicek or Vivian Liu
The Smart Agency
949-438-6262
KBS@thesmartagency.com
KBS Investor Relations Contact:
Matt Crary
Vice President – Investor Relations
949-717-6282
mcrary@kbs.com
