• 289,000 sq. ft. corporate campus comprised of three institutional quality buildings with adjacent six-story parking structure
• Central Perimeter submarket is a preferred location for corporate tenants given its central location, amenities, proximity to educated labor, and strong access via the Georgia 400 and I-285
• IBM through predecessor has occupied the facility since original construction and has invested substantial capital highlighting the company’s longstanding commitment to the facility

• Negotiated a sale leaseback with IBM at below market rent to acquire the asset at a 40% discount to replacement cost
• 10 year in-place lease with IBM occupying 82% of premises with rents approx. 20% below market, offering future upside
• Additional upside potential at acquisition through lease-up of 50,400 sq. ft. vacancy. The vacancy has since been 100% leased
• Niche strategy positioned Drawbridge to source this attractive investment that wasn’t a clean fit for other real estate buyers