Lincoln Property Company Awarded Leasing & Management Assignment for Ameris Center in Atlanta

ATLANTA, June 18, 2024 – Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, announced that it has been awarded a leasing and management assignment for Ameris Center, a two-building, 532,000-sq.-ft. Class A office complex in Atlanta, from B Group Capital Management (“B Group”), who recently purchased the buildings. As part of the assignment, Lincoln will provide leasing, property management, construction management and ESG services.

B Group Capital Management continues to strengthen its presence in the Atlanta market with the recent acquisition of Ameris Center. This significant acquisition propels the company’s office portfolio to twelve properties, encompassing over 1.6 million square feet of office holdings in Atlanta.

Since entering the market in 2017, B Group Capital Management has swiftly established themselves as a key player in the Atlanta metro area. Their latest acquisition in the Buckhead submarket marks their presence in five of the metro’s submarkets, showcasing their remarkable success and ongoing expansion in the market.

“The purchase of Ameris Center reflects our company’s desire for continued growth in the Atlanta market and is a testament of our belief in strategically positioned Class A office assets. Ameris Center represents a necessary change of scale from our usual office holdings in order to navigate the evolution of this asset class” said Sebastian Barbagallo, CEO – B Group Holding Company

Buckhead continues to be a top choice for companies seeking premium office locations, benefiting from exceptional transit access and a well-educated workforce hailing from both within the city and its affluent northern suburbs. Recently, the submarket received a significant endorsement from AT&T, which re-established Buckhead as one of its two major hubs in the country, reaffirming Buckhead’s status as a key business destination.

Ameris Center One and Two are located at 3490 and 3500 Piedmont Road NE in Atlanta’s Buckhead submarket.

Lincoln’s Matt Fergus, Seabie Hickson, Michael Howell, and Gil Russell will lead leasing for the property. Lincoln’s Shane Froman, Chis Senden, and Jennnifer Hensel will lead property management.

“We are excited that B Group has entrusted us to create a premier office environment and engaging tenant experiences,” said Lincoln’s Hickson. “Ownership is bringing new capital into the project, including a robust spec suite program and additional capital improvements to the buildings that will enhance the Tenant experience.

The Energy Star-certified mid-rise towers include one of the highest parking ratios in Buckhead, electric vehicle charging stations, on-site building café’s, a self-service sundry store, two building conference rooms, and a full-service bank.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest diversified real estate services companies with 35 offices across the United States, the United Kingdom and Europe. Offering a comprehensive suite of real estate solutions, Lincoln manages, leases, develops, and provides advisory services to owners and occupiers of office, life science, retail, industrial, data center, production studio, and mixed-used properties. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes approximately 500 million square feet of commercial space. In addition to providing third party real estate services, Lincoln, which was founded in 1965, has principally acquired and developed more than $24 billion and 62 million square feet of commercial projects since 2018. For more information, visit: www.lpc.com.

About B Group Capital Management

B Group Capital Management is a division of B Group Holding Company, a family-owned real estate conglomerate specializing in the development, management, and investment of commercial, residential and industrial properties. It utilizes a core set of guiding principles to target investments with low volatility and high returns to produce sustainable growth and performance throughout the economic cycle. Corporate services include ownership, acquisition, investment, asset management, underwriting, development, construction, property management and sales. Headquartered in Coconut Grove, Florida, it manages an extensive portfolio of over 3M SF throughout Florida: South Florida, East Tampa, Gateway Pinellas, South Orlando and Altamonte Springs; in Georgia: Central Perimeter, Cumberland, Duluth, and Alpharetta; and with this acquisition the Buckhead submarket of Atlanta and in North Carolina: University City submarket of Charlotte.

Organizationally B Group Holding Company is comprised of B Group Capital Management and B Developments. Governed by B Group Holding Company, these companies share a commitment to excellence that is rooted in family values that define lifestyle, collaborative satisfaction, and financial return.

For more information, visit B Group Holding Company, www.bgroupco.com

B Group Capital Management, www.bgroupcap.com