Lincoln Property Company Arranges 48,000-sq.-ft., Long-Term Lease Extension with Havertys Furniture Co. at Atlanta’s Centrum at Glenridge

ATLANTA, July 23, 2024 – Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, announced that it has arranged a 48,284-sq.-ft. headquarters office lease extension with Havertys Furniture Co. at Centrum at Glenridge in Sandy Springs. Lincoln represented ownership, CAMCO Investment Group, which recently acquired the property, in the transaction.

Lincoln’s Hunter Henritze, Michael Howell, and Robert deGolian represented CAMCO in the deal with Havertys. JLL’s Josh Hirsh and Patrick Baughman represented Havertys. Havertys, which was established in 1885, is a full-service home furnishings retailer and is publicly traded on the New York Stock Exchange.

“We are thrilled to announce Havertys’ decision to re-commit to the Centrum office building for the next decade. The strategic location offers unparalleled visibility, excellent interstate access, and a vibrant array of lunch options nearby, making it an ideal environment for their continued success,” said Lincoln’s Henritze.

Lincoln was awarded management of the assignment.  Senior Vice President Shane Froman, Senior Portfolio Manager Kelly Mulkey, and Senior Portfolio Manager Carlton Harden will oversee property management on behalf of CAMCO providing management, accounting, and construction management services.  Lincoln will continue to serve as the leasing team for the property.

Lincoln recently completed renovations on the property, including a new first-floor community break room with a grab-and-go food concept, as well as upgrades to the fitness center. CAMCO plans to unveil a spec suite program in the coming months, with Lincoln handling construction management.

Other onsite amenities at Centrum at Glenridge, an eight-story, 186,827-sq.-ft. building, include a fully equipped conference center and covered parking. The building is approximately 200 ft. from a plethora of dining options. Sandy Springs is a popular area for national and multinational brands, and home to the corporate headquarters of Mercedes-Benz USA, UPS, Newell Brands and Inspire Brands.

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.