371 EAST PACES FERRY371 East Paces Ferry is a new medical office building located in the heart of the Buckhead Village. Set to open in Spring 2017, developer The Loudermilk Companies saw the need for an upscale healthcare hub to serve the fast-growing Buckhead population as well as the surrounding neighborhoods. 371 East Paces Ferry will provide medical practitioners with state-of-the-art offices and on-site amenities, all within walking distance of everything the Village area has to offer.
ADDRESS 371 East Paces Ferry Road, Atlanta, GA 30305
TOTAL SIZE 101,500 rentable square feet
STORIES 5 floors of medical office space
FLOORPLATES Average of 20,300 square feet per floor
PARKING 5-level parking deck
PARKING RATIO 5.3 spaces per 1,000 square feet
AMENITIES • Abundant on-site parking in secure deck• Landscaped patio above parking deck• On-site pharmacy / sundry shop
LOCATION Walk Score of 91 – considered a “walker’s paradise” with all of the Buckhead Village shops, eateries, and services within a short distance
Easy & quick access to nearby hospital campuses:
• Piedmont Hospital• Emory Hospital Midtown• Emory University Hospital• Children’s Healthcare • St. Jospeh Hospital • Northside Hospital
3 miles / 10 minutes7 miles / 15 minutes6 miles / 20 minutes6 miles / 15 minutes6 miles / 15 minutes6 miles / 15 minutes
PROJECT TEAM • Developer • Leasing Agent
The Loudermilk CompaniesCushman & Wakefield
SCHEDULED DELIVERY
Spring 2017
5 MILE
RADIUS
1. Consumerism in healthcare will require providers to offer accessible, convenient and upscale delivery sites containing or adjacent to amenities - none better than Buckhead Village
2. The building offers patients and tenants easy and quick access to Atlanta’s major hospital campuses.
3. Healthcare providers should be advocates for a healthy lifestyle. A study by the University of Utah showed that the average person in a walkable neighborhood weighs 6-10 pounds less than someone in an unwalkable neighborhood With a WalkScore of 91, an office location at 371 EPF shows your patients and employees a commitment to their well-being.
4. Only 5 Class A MOBs have been delivered in past 15 years inside the perimeter. Those buildings contain 1,145,000 sf and collectively are over 97% leased. 371 East Paces provides relief for pent-up demand.
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CENTRAL LOCATION
OFFICE STATS
1. In 2000, 20% of office construction was located in the CBD. In 2015, that percentage jumped to 40% as the trend reflects millennials shifting to live in the amenity rich & walkable urban core.
2. Over 290k daytime employee population within a 5-mile radius
3. Buckhead Submarket (2Q 2015)
a) 16,570,000 SF
b) 13.2% vacant, a 1.1 pp YoY improvement
c) $30.23/SF Class A Rental Rate & rising
371 East Paces Ferry’s strategic and central location provides a number of significant advantages to medical practices:
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The Buckhead Village area is seeing a tremendous amount of new development, driven by very strong
population growth. Population within a mile of 371 East Paces Ferry grew by 52% over the last decade and
the number of housing units jumped 67%. Today, nearly 300,000 people live within a five-mile radius of
the property, and projections for the rest of this decade call for continued strong growth with nearly 9,000
additional apartment units recently completed or now underway:
POPULATION EXPLOSION
2014-2019Population Growth:
Metro Atl - 8.5% and US - 4.0%
# PROJECT UNITS
1 1000 Park Avenue Phase 2 294
2 Alexan Pharr Rd 244
3 AMLI CityPlace (two sites) 640
4 AMLI Piedmont Heights /Lindbergh 375
5 Ardmore & 28th 165
6 Aspire North Druid Hills 310
7 Berkshire Terminus 359
8 Broadstone Maple 250
9 Brookwood Square Residential 250
10 Buckhead Village 351
11 Camden Paces 376
12 Cheshire Bridge 285
13 Cheshire Vista 284
14 Cyan on Peachtree 329
15 Domain at Phipps Plaza 319
16 Elan Lindbergh 359
17 Elle 373
18 Hanover Park Place 351
19 Haynes House 186
20 Peachtree & Piedmont 300
21 Post Alexander Phase II 340
22 Related Lenox 375
23 Residences at Chastain 119
24 Skyhouse Buckhead 364
25 Solis Peachtree 300
26 The Jane 278
27 The Jane Phase II 212
28 The Residence Buckhead 370
Total Units 8,758
OVER 300K5-mile population surrounding
371 East Paces Ferry
$124,513Average Household income
within 3-mile radius
FUTUREDEVELOPMENT
THE ST. REGISATLANTA
COAST SEAFOOD & RAW BAR
HENRI’SBAKERY
CHOPSLOBSTER BAR
ATLANTA FISH MARKET
JOY CAFÉ
TAKASUSHI
BASIL’S
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BRIO
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KING &DUKE
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ATLAS
FLYWHEEL
BUCKHEADTHEATRE
PIECE OFCAKE INC
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BONE’S
OCEANPRIME
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GABLES BUCKHEAD
ALLIANCE
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VILLAGE
PACES
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THE PEACHSHOPPING CENTER
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AMENITY KEY
RETAIL
PARKS
DINING
APARTMENT
BUCKHEAD ATLANTAAlice + OliviaBonobosCanaliChristian LouboutinDiorDolce HermesIntermix
Jonathan AdlerJimmy ChooMonclerScoop NYCTheoryWarby ParkerAmerican Food and BeverageCorso Coffee
Doraku SushiFado Irish PubGeorgetown CupcakeGypsy KitchenLe BilboquetShake ShackThe Southern GentlemanThirteen Pies
THE PEACH SHOPPING CENTERBarberitosBarnes & NobleChase BankDahn YogaH&R BlockJimmy John’sJo Ann Cleaners
Party CityPet SupermarketPublixStephen D. Negelow, DDSThe UPS StoreT-MobileVIP Alterations
BUCKHEAD MARKET PLACEBluemercuryThe North FaceVan Michael SalonWhole Foods Market
91Daily errands can be accomplished on foot
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359EASTPACES
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Pied
mont Road - 58,477 cars p
er day
EmoryMidtown
PiedmontHospital
LindbergDevelopment85
WholeFoods
St. Regis
CamdenPaces
AtlantaInternational
School
BuckheadAtlanta
CENTRAL LOCATION, EASY ACCESS
FOR MORE INFORMATION ON 371 EAST PACES FERRY,
CONTACT EXCLUSIVE AGENTS:
GEORGE OLMSTEAD404.853.5361
ASHLEY JONES404.853.5230