Cobb County’s Platinum Tower has been leasing up a storm, having now signed tenants to fill more than 145,000 square feet of its rental space in the past nine months.
The high-rise is being called the latest exemplar of a surging Cumberland district in Cobb County.
Accesso Partners, with the help of leasing brokers from PMRG Atlanta, has now leased out 90 percent of its 313,000-square-foot tower. 50 percent was leased in just the last nine months.
It stands a mile from the Atlanta Braves’s new ballpark, a supposedly record-breaking megaproject where a scant 30,000 square feet of space remains unclaimed, leasing officials recently declared.
“The strong economic growth in Northwest Atlanta centered here in the Cumberland submarket along with the energy generated by the Braves’s new $672 million home at SunTrust Park puts us squarely in the path of progress,” said Mark Yacovetta, Atlanta asset manager for Accesso Partners, in a press release.
Accesso secured control of the 400 Interstate North Parkway property in 2013, and has since been making repairs and moving companies into the 17-story structure.
This project is but a microcosm of the development trends taking over the northwest region of Atlanta’s Perimeter. An influx of retail and residences is meant to gear the area up for an impending population boom.
“Tad Leithead, chairman of the Cumberland Community Improvement District, said that in the last three years alone, there’s been construction of seven office buildings, 7,000 new rental apartment units, and 500,000 square feet of upscale shopping,” according to the release.
At Platinum Tower, Aveanna Healthcare will snag the top three stories—some 61,000 square feet of space—which oversee the ever-depressing tangle of Interstates 285 and 75.
Plus, the company will throw its logo atop the building. (It’s quite visible from the highways).
This story has been updated to clarify that the Platinum Tower is 90 percent full, not 50 percent full.