ATLANTA – A joint venture between Childress Klein and MidCity Real Estate Partners has acquired the 3.7-acre NorthPlace site in Atlanta’s Central Perimeter for the development of up to 370,000 square feet of office space.
Located at the intersection of Barfield Road and Mount Vernon Highway, the site is just one block from the new Mercedes Benz U.S. headquarters project and two blocks from the Sandy Springs MARTA station.
The area is home to several major corporate office tenants including UPS, Global Payments, IBM (ISS) and JAS Worldwide. Initial plans for NorthPlace include two office buildings (250,000 and 120,000 square feet in size) offering prominent signage visible from Ga. 400.
“Central Perimeter continues to be one of Atlanta’s most desirable markets for office users, and we are thrilled to partner with Childress Klein on this unique development opportunity,” said Kirk Demetrops, president and founder of MidCity Real Estate Partners.
One of the largest real estate firms in the Southeast, Childress Klein has previously developed the 2.4-million-square-foot Atlanta Galleria office park and Midtown’s 999 Peachtree Tower.
“NorthPlace offers convenient access to major roadways, MARTA, area amenities and numerous housing options,” said Gordon Buchmiller, Childress Klein’s managing partner in Atlanta. “The site’s location directly on Ga. 400 also allows for exceptional visibility and presents an outstanding branding opportunity for prospective tenants.”
Childress Klein and MidCity will co-develop NorthPlace, with Roger White, executive vice president of MidCity, overseeing day-to-day construction operations. Led by Demetrops, MidCity Real Estate Partners will be responsible for marketing NorthPlace to prospective corporate and medical tenants.