Could A German Conglomerate Be The Battery At SunTrust Park's Mystery Tenant?
A German industrial conglomerate known for elevators is looking to expand in Metro Atlanta.
Thyssenkrupp confirmed to Bisnow the company is in the market for expansion, and could announce its decision by the end of the year.
“Thyssenkrupp has been a part of the Atlanta community for over 30 years. As we look to expand our presence in the United States, we are evaluating a number of locations, including a facility near the Atlanta Braves Battery,” Thyssenkrupp Senior Vice President of Communications Jonathan Evans told Bisnow in an email. Evans declined to elaborate on the size of the deal or what divisions would be involved.
Cobb County Development Authority is considering a $264M bond to fuel 10 years of property tax breaks for an unidentified international company if it locates a research and development facility on land owned by the Atlanta Braves off Circle 75 Parkway, next to The Battery at SunTrust Park. Officials are calling the deal "Project Dashboard.”
The Braves have slated the site to be part of the second phase of The Battery. The club is in talks with the unnamed company, which could use nearly 300K SF of office there. Cobb Development Authority Executive Director Nelson Geter told the Atlanta Journal-Constitution that the project could bring 863 jobs paying an average annual salary of $100K.
“These will be highly technical jobs, engineers, etc. But there will also be some supportive staff associated with it,” Geter told the AJC.
Thyssenkrupp is known predominantly in the U.S. for its elevator manufacturing, but it has its hands in various industries, including steel-making, submarines and vehicle components.
The company has an extensive presence in Metro Atlanta already, including Thyssenkrupp North America in Alpharetta, Thyssenkrupp Elevator Americas and AIN Plastics, both in Kennesaw, and Thyssenkrupp Industrial Solutions in Cobb County, according to the company's website. It is also is establishing an innovation center at Coda, the high-technology office tower being developed in Midtown by Portman & Associates.
At a recent Bisnow event, Plant offered a little additional information about The Battery's second phase: It would cost approximately $300M and include a movie theater. Plant also teased that the Braves were in discussions with a major user to launch the second phase.
“We're very, very close,” he said. "It's going to be really impactful again."