2. 10 7 8
Ashford Dunwoody Road
285
9
Perimeter Center W
1
3
5
4
6
2
1 Perimeter Mall
2 Cox Communications Campus
3 7000 Central Park
Peacht
4 Atlanta Journal-Constitution ree-Dun
woody
Road
5 1155 Perimeter Center West
6 9000 Central Park
7 The Terraces
8 3 Ravinia
9 Crowne Point
10 Manhattan Condos
Property Summary
► CENTURY PERIMETER PARK 6210 Peachtree Dunwoody Road
Jones Lang LaSalle has been retained to arrange the sale of Century Perimeter Park (the Atlanta, GA (DeKalb) 30328
“Property”), a 298-unit, Class A, garden-style apartment community located in the heart of
the Perimeter Center submarket of Atlanta. Year Completed 1998
Unmatched Location: The Property is located within the largest employment hub of Atlanta, No. of Apartment Homes 298
Perimeter Center, with 27 million SF of office space and 115,000 employees. In addition, the Net Rentable Area (SF) 332,042
Property enjoys close proximity to Perimeter Center Mall, three major hospitals, three MARTA rail
stations, and seven Fortune 1,000 headquarters. With excellent drive-by visibility off Peachtree Avg. SF per Unit 1,114
Dunwoody Road and an unparalleled location within the submarket, the Property’s location Effective Monthly Rent $1,047
allows for superior connectivity and access to I-285 and GA 400.
Effective Monthly Rent/SF $0.94
Parking Garage
Excellent Demographics: With average household incomes exceeding $100,000 and Occupancy 97.0%
average housing values exceeding $380,000 within a three-mile radius of the property,
Perimeter Center is one of the most affluent submarkets in all of Atlanta. Total Parking 489
Parking Ratio 1.64
Dr
Hotspot for Job Growth: One out of every three Century Perimeter Park residents works just
across the street at Cox Communications, the fourth-largest employer and largest privately-held Land Area (acres) 10.55
company in Atlanta. Cox is currently expanding its 28-acre campus to include a 600,000 SF Density 28.25
office building. When completed in 2012, the expansion will create an additional 1,000 jobs.
SITE MAP
3. ► PROPERTY HIGHLIGHTS
Institutional Asset Quality: Built in 1998, the Property is
a well-maintained, Class A community with 9’ ceiling heights,
spacious floorplans and covered parking, all features that
the area’s successful young professional demographic finds
appealing.
Unit Features: The Property features a variety of spacious
floorplans, large walk-in closets, two-piece crown molding,
full-size washer/dryer connections, and ceiling fans. Top-floor
units feature trey ceilings in living rooms. Cut-pile carpet is
featured throughout living areas, and sheet vinyl flooring is in
kitchens, bathrooms, and laundry rooms. Entryways feature
ceramic tile flooring.
Property Features: The Property includes a clubhouse with
a resident business center, 24-hour fitness center, swimming
pool, sundeck and a gazebo with gas grill. There is also a
resident media room with surround sound. The site has
controlled-access entry gates with individual garage units,
storage units and a landscaped courtyard.
► INVESTMENT OPPORTUNITY
Organic Rent Growth: The Property has seen significant
rent growth recently and is capturing $85 or 10% increases
for its new leases. This increase is largely attributable to
improvement in market occupancies which are close to pre-
recession levels of 95% and higher and with improving overall No. of Avg. Eff. Avg. Eff.
fundamentals for the apartment industry. Unit Type Units Unit SF Rent Rent/SF
Repositioning Strategy: With rents in the submarket now
approaching $1.40/SF for the newest Class A properties, there 1 BD - 1BA 42 778 $845 $1.09
exists an opportunity for the Property to bridge the gap with its 1 BD - 1BA 16 872 $845 $0.97
newer neighbors through a modernization program while still
maintaining its competitive advantage in the market place for 1 BD - 1BA 69 933 $885 $0.95
the price sensitive consumer. 2 BD - 1BA 53 1,145 $1,080 $0.94
2 BD - 2BA 72 1,294 $1,145 $0.88
Below Replacement Cost: With the zoning loophole now
2 BD - 2BA 10 1,574 $1,233 $0.78
closed, this infill property is priced well below replacement
cost in one of the strongest employment submarkets and 3 BD - 2BA 36 1,429 $1,390 $0.97
highest barrier to entry markets in the entire Southeast. Subtotals/Averages 298 1,114 $1,047 $0.94
Based on May 10 LRO Daily Pricing.
4. 23 365 124
20 324
Alpharetta
400 Suwanee 85
Roswell
19
85
Jones Lang LaSalle Americas, Inc.
Johns Creek Duluth 20 3344 Peachtree Road NE, Suite 1200
Atlanta, Georgia 30326
124
Auburn
316
Dacula
29
29
Dunwoody 23
316
Sandy ™
Springs Norcross 20
PERIMETER PARK Lawrenceville
141
85
285
285
Doraville
23 124
EXCLUSIVELY PRESENTED BY
Grayson
Chamblee JONES LANG LASALLE
19
Lilburn
ATLANTA FOR MORE INFORMATION
29 20
84
Dekalb-Peachtree
Airport
Tucker 81
PLEASE CONTACT:
Snellville
78
85
Derrick Bloom
Loganville
41 400
Mountain Managing Director
Park
404.995.2287
Buckhead
78
23 78
derrick.bloom@am.jll.com
29
75
Clarkston
20
David Gutting
85
Managing Director
81
78
285 404.995.2283
Midtown Druid Hills Decatur david.gutting@am.jll.com
Youth
278
Vince Lefler
Senior Vice President
Downtown 404.995.2383
Walnut
vince.lefler@am.jll.com
Grove
Redan
138
Porter Jones
81
23 138 Vice President
29 20 278 404.995.2333
75 Lithonia
porter.jones@am.jll.com
138
20
4 166 285
