Southside Sees First New Class-A Office Since Porsche
Grove Street Partners, in a joint venture with Batson-Cook Development Co., has broken ground on Gateway Center Two, a 51K SF office building that is part of the Gateway Center development.
The developers even snagged an anchor tenant: Philadelphia-based ECFMG — a nonprofit medical certification and training provider — inked a deal to occupy 24K SF in the new development, moving from elsewhere within the submarket.
The South Atlanta office market is among the tightest submarkets in all of Metro Atlanta, with a vacancy rate of just over 12%, according to Transwestern. It also ranks among the submarkets with the least amount of existing Class-A office space at just over 1M SF, which is just 9% vacant.
This is Gateway Center's fifth major development on the campus that is connected to Hartsfield-Jackson Atlanta International Airport's SkyTrain commuter rail. Other developments at the site include the 128K SF Gateway Center One project, the recently completed Renaissance Hotel, Marriott Hotel and a SpringHill Suites Hotel.