The anchor tenant is Advanced Technology Development Center, a state-funded incubator for high tech companies. It will occupy 125,000 sf of space for an undisclosed rental rate.
Centergy, a two-building complex, is described in printed statements from the University Financing Foundation as "the heart of the Southeast's technology corridor." The Foundation and Kim King are co-developers of the project.
The purchase of the land and construction of the $130-million complex is funded with $160 million in revenue bonds issued by the Atlanta Development Authority and a $5-million donation from the locally based Woodruff Foundation.
The first 200,000-sf Yamacraw Design Center building, a technology development initiative of the state, is scheduled to open this December.
Centergy is adjacent to Georgia Tech's Technology Square project, a $17-million, eight-acre multi-building complex under way that will be anchored by the DuPree College of Management.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
