One of Atlanta’s largest office landlords to partially occupy its “Abridge” portfolio as demand for flex space surges nationally
ATLANTA – (April 25, 2022) Bridge Commercial Real Estate and Bridge Office (Bridge), a commercial brokerage subsidiary of Bridge Investment Group, today announced the opening of its new, 19,875-square foot workspace at 1277 Lenox Park, a seven-story, 152,354-square-foot Class A building within the 32-acre Lenox Park mixed-use office campus in Atlanta. The new location will accommodate approximately 80 employees relocating from Bridge’s former headquarters at Concourse Office Park and signals a growing shift among leading employers who are transitioning from traditional corporate office space for more nimble and flexible layouts that boost collaboration and employee engagement while reducing overall real estate costs.
1277 Lenox Park recently underwent a multi-million dollar interior and exterior renovation that created a cutting-edge workspace which blends the best elements of flexible office suites and traditional office space. Improvements include a new lobby and a 12,000-square-foot tenant amenity lounge overlooking the lush, 32-acre property.
To accommodate a variety of work styles, the lounge includes flexible café seating and communal tables, tech-ready conference/training facilities, and activities like shuffleboard, video games, and board games for employees to unwind and take breaks from the workday. Other highlights of the new space include covered parking, onsite security, a dog park and exercise trails.
The building is one of six nationwide locations for Bridge’s new flex office program known as Abridge, which connects businesses with move-in ready spaces quickly and efficiently without having to sacrifice the independence of their brand or workspace. Bridge’s first phase of the program is currently underway with a total of 158,000 square feet at six Class-A office properties in five high-growth suburban markets across the country.
“This move reflects a new chapter for Bridge and solidifies our commitment to leading by example by creating next-generation offices for tenants and our own employees,” said Jeff Shaw, CEO of Bridge Commercial Real Estate and Senior Managing Director of Bridge Investment Group. “The post-pandemic workforce prioritizes a ‘people-first’ model that embraces flexibility, community and hospitality-inspired amenities. The Abridge campus at 1277 Lenox Park is the future office environment. It evokes a “sense of place and community” and possesses design elements which contribute to attracting the best human talent.”
Totaling more than 1 million square feet, the Lenox Park campus also has more than 1,800 apartments, 150 hotel rooms and four single-family home developments, as well as more than 27 dining options within close proximity. Nestled in lush green space, the campus offers running trails, a walk-around lake, community green space and expansive outdoor patio space.
While flex space has existed for decades, companies are pivoting their real estate strategy as the hybrid work model gains more popularity. 41% of tenants expect to increase their use of flex space as part of their post-pandemic workplace strategy, according to JLL’s Flexible Space Outlook. 73% of surveyed office workers prefer an office space designed for seamless human connection, and 1277 Lenox Park provides a desirable environment that will increase employee interaction and cross-team collaboration.
1277 has an additional 100,000 square feet of available space currently with 2180 Lake Park having 350,000 square feet coming available in 2023. Leasing at Lenox Park is being led by Jeff Shaw, Kevin Lott, Scott Rees and Trey Weghorst of Bridge Commercial Real Estate. For more information on Abridge, click here, and for Lenox Park click here.
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About Bridge Investment Group: Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $36.3 billion of assets under management as of December 31, 2021. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
About Bridge Commercial Real Estate: (“BCRE”) is an established player in the U.S. commercial office market that specializes in creating desirable, next-generation workspaces. BCRE provides world-class commercial office brokerage services, property management, accounting and commercial construction services for Bridge Office assets. With a blueprint that delivers long-term value for tenants and investors, our portfolio includes office properties uniquely positioned in dynamic, high-growth markets across the U.S. and continues to grow. We are laser focused on how companies work today – and will work tomorrow. Headquartered in Atlanta, Georgia and Salt Lake City, Utah, BCRE is a subsidiary of Bridge Investment Group.