The Collective at Concourse — Sale in Atlanta, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Atlanta, GA
  • Size: 295,760 SF

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Description

Jones Lang LaSalle (JLL), as exclusive advisor, presents the opportunity to acquire The Collective at Concourse - 1 Concourse Parkway (295,760 SF, built 1984), 2 Concourse Parkway (306,560 SF, built 1986), and 4 Concourse Parkway (162,329 SF, built 1984) - a three-building, Class A office campus totaling 764,649 SF in Atlanta's Central Perimeter submarket. Currently 62% leased with a 5.5-year weighted average lease term, the offering pairs durable in-place cash flow with a significant value-add opportunity through lease-up of five full-floor vacancies across the complex. The Project is anchored by long-tenured, high-credit tenants, led by U.S. Bank (16.7% of GLA, A+ S&P rated) and Deluxe (B+ S&P rated), alongside First Advantage and Navy Federal Credit Union ($173B in member deposits). In aggregate, Investment-grade and Fortune 1,000 companies make up 60% of the overall income. Recent leasing activity underscores the complex's momentum. The Collective at Concourse has executed 100,311 SF - 13% of GLA - in new leases, expansions, and renewals over the past year, including new deals with Candescent, RockEd, Deluxe, and an expansion from U.S. Bank. Tenants benefit from Concourse's walkable, mixed-use environment - anchored by Lifetime Fitness, the 372-key Westin hotel, and the King & Queen Office buildings. Additional potential upside exists in a 5.114-acre parcel directly east of 4 Concourse Parkway, zoned PX-20/35 for several commercial uses including multifamily densification. The Collective at Concourse represents a significant value-add opportunity to acquire the most recognizable office address in Atlanta's suburbs - combining a stabilized in-place tenant base with meaningful upside through lease-up, repositioning, and future development.

Market Context

This office in Atlanta, GA is listed for sale across 295,760 SF. Compare it against other office listings for sale in Atlanta, GA — view the full market.

As of Q2 2026, the Atlanta office market showed a 24.9% vacancy rate, average asking rents near $33.62/SF/yr, and rents up 0.9% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Atlanta office market tightening or softening?
Vacancy is around 24.9%, with asking rents rising year over year (Q2 2026).

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