Ackerman & Co. Completes 7,974 SF Lease with Automobile Acceptance Corp. at Phoenix Office Park

Brokers Frank Farrell and Kris Redding represent landlord OA Development in long-term lease at business campus in College Park, Ga. for new headquarters location.

ATLANTA, GA, March 03, 2021 /24-7PressRelease/ -- Ackerman & Co. has completed a five-year, 7,974-square-foot lease with Automobile Acceptance Corp. at Phoenix Office Park, where the auto financing and insurance provider is relocating its Atlanta headquarters. Their new offices are located at 1669 Phoenix Parkway.

Ackerman & Co. brokers Kris Redding and Frank Farrell completed the lease on behalf of OA Development, the landlord. Redding also represented the tenant in the transaction.

"It was a pleasure representing and working with Automobile Acceptance Corp. to identify and secure quality office space capable of supporting their continued business growth. We're pleased that they've identified Phoenix Office Park as the most favorable location for the company's future. Additionally, with the execution of this lease, we continue to improve occupancy levels at this business park on behalf of our client, OA Development," said Kris Redding. "Automobile Acceptance has enjoyed more than 30 years of productivity and success in the South Atlanta metro region, and it's gratifying that this deal has come to fruition for both of our clients after years of consideration and arbitration."

Frank and Kris have teamed to lease 68,000 square feet in new leases across the business park, increasing leasing levels by 24 percent in the 300,000-square-foot portfolio OA Development owns at Phoenix Office Park.

The business park offers tenants a strategic location less than 1 mile from Hartsfield-Jackson Atlanta International Airport and convenient access to interstates I-285, I-85 and I-75. The business park is also close to a variety of retail, restaurants and hotels.

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com

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