Grover Corlew’s Newly Renovated Mansell Court Office Complex in Alpharetta Attracts New Creative Tenants
ATLANTA, Ga. (April 23, 2018) – Mansell Court, a five-building 188,478 sq.-ft. office park set in the north Atlanta suburb of Alpharetta, has seen a significant increase of occupancy since the redevelopment of the project. CBRE’s client, Grover Corlew, acquired the portfolio in early 2017 with a vision of a creative office park. The project increased its occupancy from 54% at the time of Grover Corlew’s acquisition to 85% within a 12-month period. Rental rates increased over $5 per sq. ft.
As a result of the project’s transformation, Mansell Court recently welcomed the following new tenants. Aventus, a customer service and engagement provider, committed to 16,926 sq. ft. at 10 Mansell Court. Dodge Communications, a public relations and marketing firm, signed a lease for over 15,558 sq. ft. at 10 Mansell Court. Veritext, a court reporting agency, will occupy 9,781 sq. ft. at 20 Mansell Court along with Security Systems of America and Tillman Infrastructure, which recently relocated to the building. CBRE represented Grover Corlew in each of these transactions.
“We purchased Mansell Court because we saw an unrealized potential for the office buildings, located in burgeoning North Fulton, an upscale submarket of Atlanta,” said Anuj Grover, a partner at Grover Corlew, whose real-estate investment group focuses on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. “We strive to create experiential and appealing environments that attract sophisticated tenants at each of our rebranded office properties. Our strategic upgrades and the resourceful and diligent CBRE team have been key factors in the transformation of Mansell Court into a profitable and highly desirable office complex.”
With the leasing team, led by Heather Lamb and Parker Nelson at CBRE, Grover Corlew executed on its redevelopment vision in 2017. The once traditional single-story flex buildings now feature creative loft office spaces. The redevelopment of the project includes new exterior façades, upgraded landscaping, the creation of modern outdoor spaces including a central courtyard area for tenants to work, modern signage to allow better visibility and increased parking ratios.
“The loft-style office suites at Mansell Court attract tenants looking for a different environment with the accessibility of a single-story building, an upgraded image, modern spaces, and a creative look,” said Heather Lamb, first vice president at CBRE. “The property benefits from its ideal North Fulton location, just off GA-400 with easy access from Mansell Road. It features multiple retail and dining options within a short walk or quick drive.”
# # #
About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.