SKCR Announces Transformative Renovation of 900 Circle 75
$6 million capital improvement program marks next growth chapter for office campus in shadow of Truist Park, Battery Atlanta
ATLANTA (April 21, 2022) – SK Commercial Realty (SKCR), a full-service commercial real estate firm with specialized experience in office, healthcare and industrial real estate leasing and development, unveiled plans today for a comprehensive renovation of the 900 building at Circle 75 office park, a 17-story, Class A office tower adjacent to The Battery Atlanta in Cobb County. SKCR, who provides leasing, management and project consulting on behalf of ownership, is managing the $6 million capital improvement program that will deliver a next-generation workplace experience for tenants in Metro Atlanta’s fastest-growing office market.
Offering a direct connection to The Battery along with picturesque views of Truist Park, 900 Circle 75 was originally built in the mid-1980s and houses leading brands from a wide array of industries, including real estate, financial services, legal, healthcare, and international trade and development. Planned improvements to the 345,502-square-foot tower include renovations to the front lobby, a new tenant lounge and amenity center, new high-tech conference facility, state-of-the-art fitness center, elevator modifications, and upgraded corridors and restrooms on all 17 floors. Approximately 2,500 square feet of previously leased space off the building’s main lobby will be converted into amenity space for tenants.
Renovations at 900 Circle 75 are underway and are expected to be completed by June 1. A joint venture of principals at SKCR and The Goldenrod Companies owns the building.
“Tenants who relocate to Circle 75 quickly learn that this is not just a place to work, but a community that offers a dynamic workday experience with world-class amenities and entertainment literally right outside the office door,” said Hugh Scott III, CEO and founding partner at SKCR. “Our significant investment in this project reflects SKCR’s belief that Cumberland is the next hot spot in Atlanta’s office market, and we continue to explore potential avenues for adding new elements that optimize the property while also further bolstering connectivity with The Battery.”
Circle 75 is one of the only office properties in the Cumberland/Galleria submarket that has a direct connection to The Battery and offers competitive pricing options compared to other workplaces that are farther out and not physically connected to the development. The campus also includes Buildings 1000 (100,259 SF) and 1100 (288,000 SF) along with additional sites for future development, and provides convenient access to I-75 and I-285. All three buildings offer free covered parking and are also in close proximity to Cobb Galleria and Cumberland Mall.
According to a recent report from Colliers, the Cumberland/Galleria office submarket saw a slight uptick in year-over-year leasing activity despite strong market headwinds spurred by the aftermath of the pandemic. Average rental rates remain steady, with the pickup in leasing activity over the back half of 2021 forecasting stronger gains in the year ahead as more employers move forward with their office reopening plans.
Available spaces at 900 Circle 75 range from 2,500 to 18,000 square feet. For more information on leasing opportunities, please contact Tom Kirbo or Tom Parker. Renderings of the planned improvements can be found here.
About SK Commercial Realty
Creating value through meaningful relationships and a commitment to excellence and integrity are the guiding forces that have enabled SK Commercial Realty (SKCR) to become one of the top commercial brokerage firms in the Southeast. Founded in 1985 by Hugh Scott, Jr. and headquartered adjacent to The Battery Atlanta in Cobb County, the firm’s one-stop shop approach delivers a comprehensive umbrella of commercial real estate services, including agency leasing for office properties, tenant representation, industrial services and land sales, healthcare real estate, project consulting, investment sales, and property and asset management.
SKCR currently provides real estate services and expertise for over 5 million square feet of premier office, medical and industrial real estate across Metro Atlanta. Each project is overseen by a senior level principal who ensures key objectives are met or exceeded, creating a personalized level of service and flexibility that is often missing from large, corporate brokerages.
Providing holistic support in all service lines, the firm’s portfolio of owned and developed properties includes projects such as Circle 75 Office Park, Parkside Terrace East and West, Mansell Three, Hartsfield Centre, Paces Pavilion Medical Center, 620 and 660 Cherokee Street at Kennestone Hospital, Northridge 400 Office Center Preston Ridge Commons and Parkbrooke Professional Center. For more information, visit skcr.com.