FOR IMMEDIATE RELEASE
March 15, 2017
MARTA Breaks Ground on Chamblee TOD
$25M "Trackside" Project Marks MARTA's Latest Transit Oriented Development
ATLANTA—The Metropolitan Atlanta Rapid Transit
Authority (MARTA) expanded its Transit Oriented Development (TOD) portfolio on
Wednesday, May 10 with the addition of “Trackside”—a $25 million project
located across from the Chamblee MARTA Station.
“There is a growing need in and around the
City of Atlanta for amenities that support transit-friendly lifestyles as well
as increase the opportunity for development,” said MARTA GM/CEO Keith Parker. “We
are excited to introduce Trackside, which leverages transportation to create a
vibrant, walkable and sustainable community.”
The 2.16-acre site, developed by Parkside
Partners and Pattillo Industrial Real Estate, will include two buildings with
approximately 70,000 square-feet of office space, 10,000 square-feet of retail
space and 4,300 square-feet of greenspace. The project is located at the intersection
of Peachtree Road and Chamblee Tucker Road and is scheduled for completion in
spring 2018.
“We are excited to partner with Pattillo
Industrial Real Estate and MARTA to develop Chamblee’s first Class A office building
Trackside, which fulfills our long time belief that Chamblee is not only a
great place to live but also to work,” said Kyle Kenks, Principal at Parkside
Partners. “MARTA is a huge asset for companies that care about their employee’s
lifestyle. More than 300 professionals will work at Trackside, and the direct
access to MARTA has been a main factor in the decision making process of our
tenants.”
“We are proud to be underway with the
construction of the multi-tenant Transit Oriented Development known as
Trackside,” said Larry Callahan, Pattillo Industrial Real estate COO/CFO. “The
City of Chamblee, Patillo Industrial Real Estate and MARTA have been part of a
great team to get this development going, and we look forward to sharing good
news regarding additional office leases soon.”
MARTA TOD’s help to enhance the surrounding environment by
bringing in shops, restaurants and other amenities to complement existing
communities while providing direct access to the MARTA system.
Photos from the groundbreaking can be found here.
.jpg "MARTA Chamblee TOD Groundbreaking May 10, 2017")
Pictured
L to R: MARTA Sr. Director of TOD Amanda Rhein, MARTA Chief-of-Staff Rukiya
Thomas, Chamblee Mayor Eric Clarkson, MARTA Board Member William Floyd. Lynn Pattillo. MARTA Board Member
Robert Dallas MARTA GM/CEO Keith Parker and Pattillo Real Estate COO/CFO Josh
Harrison, CPA
About
Parkside Partners
Parkside Partners is an Atlanta-based commercial real estate
development and acquisition firm. Founded by Kyle Jenks in March 2003 Parkside
quickly became recognized as a leader in the development of intown loft office
buildings, commercial condominiums, and boutique single-user office buildings.
With a long history of experience in commercial development, marketing and
property management, Parkside’s team has a proven track record of success.
Parkside Partners strives to constantly generate new opportunities in real
estate while maintaining the highest level of professionalism and integrity.
About
Pattillo Industrial Real Estate
Pattillo Industrial Real Estate is a third generation women
and family owned developer/real estate firm with holdings located in the
Southeast United States. Pattillo specializes in the development, acquisition,
and management of distribution and manufacturing buildings. Since 1950,
Pattillo has developed over 1,000 manufacturing, distribution and warehouses
totaling over 70 million square feet. The firm currently owns and manages 78
buildings totaling over 13.5 million square feet.
Parkside Partners is recognized as a leader in the
development and adaptive reuse of office, medical office, and boutique
buildings. The firm is the most active developer/owner of commercial properties
in Chamblee having developed 4 projected totaling 150,000 square feet since
2008.
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Contact:
Erik Burton