Grove Street Partners, in a joint venture with Batson-Cook Development Company (BCDC), has broken ground on the phase II office building at Gateway Center, inking a lease with ECFMG, a Philadelphia-based non-profit medical certification and training provider, for 24,000 square feet – a full floor – of the 51,000-square-foot Gateway Center Two office building near Hartsfield-Jackson International Airport.
Grove Street Partners has a long history of developing at Gateway Center, having recently completed the Renaissance Hotel, as well as the 128,396-square-foot Gateway Center One office building, Marriott Hotel and SpringHill Suites Hotel.
“We’re pleased to be adding some much-needed Class A office space to this submarket,” said Grove Street Partners President Kevin Kern.
Gateway Center Two marks the first JV between Grove Street Partners and BCDC.
“We take great pride in partnering with the best-in-class developers throughout the country, and the team led by Kevin Kern at Grove Street Partners is no exception,” said Litt Glover, President and CEO, BCDC. “We love the project, and love the location close to the world’s busiest airport, and we are thrilled to have ECFMG as our first tenant.”
Lee Evans of Colliers International Atlanta represented Gateway Center Two in the transaction. CRESA’s John Behm, Jim Byrd and Jason Jones represented the tenant. Alfie Means, Wilson Rogers and Jimmy Warren of iCap Realty Advisors arranged financing with Protective Life Insurance Company.
Gateway Center is the only office development in the area offering direct connectivity to Hartsfield-Jackson International Airport and MARTA via a 1-minute, 50-second free Atlanta SkyTrain ride. The new building will be walkable to three hotels containing 754 rooms and three restaurants.
About Grove Street Partners
Grove Street Partners, LLC is a premiere real estate development, management and leasing company that focuses primarily on office, industrial and hospitality properties. Founded in 2004, the firm has more than 90 years of combined experience among its partners, and has established a major presence in the Southeastern real estate market. For more information, visit http://www.grovestreetpartners.com.
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, Batson-Cook Development Company offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. For more information, visit www.batsoncookdev.com.
About Colliers International Group, Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm.