Innova Solutions Acquires Central Perimeter office building for Headquarters Relocation
The IT company will occupy approximately 50,010 SF within the building
January 11, 2024
CBRE has brokered the sale of 1455 Lincoln Parkway, a 186,846-square-foot office building in Atlanta’s Central Perimeter submarket. Innova Solutions, a global talent and IT solution company, acquired the building and plans to relocate its headquarters there.
Jay O’Meara, Nima Ghomghani and Paul Holmes of CBRE represented Innova Solutions in its acquisition of and move to 1455 Lincoln. The company plans to occupy the top two floors of the building, totaling approximately 50,010 sq. ft. The property was sold by Florida-based Parmenter Realty Partners, who had owned the building since 2015. Brian Howell and Jack Arnold with Bridger Properties will continue leasing the building on behalf of Innova Solutions.
“We were pleased to be able to bring together two fantastic parties in Innova Solutions and Parmenter Realty Partners in this transaction,” said Mr. O’Meara, Executive Vice President in CBRE’s Atlanta Office Institutional Properties Group.
“Having a successful transaction in this environment involves patience and professionalism. Both groups were great to work with, and we are excited that Innova Solutions will become another on the long list of highly successful Atlanta companies to move to the Central Perimeter,” said Mr. Ghomghani, Senior Vice President in CBRE’s Atlanta Office Advisory & Transactions Services Group.
Founded in 1998, Innova Solutions and its subsidiaries employ over 50,000 professionals worldwide and report an annual revenue approaching $3 billion. Through global delivery centers across North America, Asia, and Europe, Innova delivers strategic technology and business transformation solutions to its clients, enabling them to operate as leaders within their fields. The company has approximately 300 corporate staff members in metro Atlanta and will be moving its headquarters from Duluth.
“The Parmenter team has maintained 1455 Lincoln to the highest of standards, and we are excited to expand Innova’s global portfolio of locations to continue delivering the highest standard of service to our own clients,” said Raj Sardana, CEO of Innova Solutions. “It was very strategic and deliberate to move our headquarters to the Central Perimeter submarket – a highly accessible location with a longstanding reputation of attracting prominent and established companies such as Cox Enterprises, Mercedes North America, IHG and Insight Global. We are proud to join this renowned community of businesses and look forward to creating another space where our valued clients, partners, and Innovators can thrive.”
Located at 1455 Lincoln Parkway in Atlanta, the eight-story building was built in 1986 and will be 82% leased once Innova Solutions move in later this year. It boasts several tenant amenities, including an onsite cafe, conference center and fitness center with shower and locker facilities.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.