DevelopmentTop story
Medley opens in Johns Creek with its office space 100% leased, and Avalon's playbook is the model
Boehringer Ingelheim took most of Medley's named office leases
Source: Metro Atlanta CEO
View as table
| Value | |
|---|---|
| Boehringer Ingelheim | 73,000 sq ft |
| Brightree | 17,751 sq ft |
| First American Bank & Trust | 3,290 sq ft |
If you love Avalon, meet its Johns Creek cousin. Medley opened its first phase with a ribbon cutting Oct. 29, and Toro Development Company says its speculative office space, built without tenants signed first, is 100% leased. That's the first spec office project in metro Atlanta to open fully leased in more than a decade. The last building to do it was 8000 Avalon Blvd. at Alpharetta's Avalon.
Avalon's 582,000 square feet of office space is still 98% occupied, with rents more than 80% above market. At Medley, Boehringer Ingelheim moved 500 employees into its 73,000 square feet in August. There's also the Georgia debut of Chattanooga's Stir and a Trader Joe's that opened in June.
- Site: 43-acre former State Farm campus, a $560 million project
- Phase one: 145,000 square feet of retail and restaurants
- Housing: 340 rentals and 133 for-purchase townhomes
“We're going to make this the third place that Johns Creek has been lacking.”
Mayor John Bradberry, at the Oct. 29 opening
Medley's first phase is open, with more to come through 2028
- AprilEncore, Medley's second phase, broke ground.
- JuneA Trader Joe's opened at Medley.
- Oct. 29Medley opened its first phase with a ribbon cutting.
- 2027Encore is slated to be completed, adding 408 luxury multifamily homes.
- 2028A Mainsail Lodging & Development hotel is expected to open.
Sources: ajc, Appen Media
Class A office vacancy in North Fulton is about 31%, with Johns Creek at 18%, according to Stream Realty Partners, which led the leasing.
