Significant capital improvements and programming planned for trio of office buildings
CBRE Global Investors today announced its comprehensive vision for The Collective at Concourse, an iconic group of Class A office buildings located in Atlanta’s Central Perimeter market. The global real estate management firm recently acquired the three mid-rise office buildings known as Concourse Buildings I, II and IV, and plans a $6 million capital improvement project that will incorporate enhanced amenities, shared co-working spaces and a full menu of community entertainment and events.
Totaling 751,093 square feet, The Collective at Concourse will join CBRE’s exclusive “5-Star Worldwide” program, a national network of elite office buildings that attract and retain top talent through its resort-inspired professional services and special events. Full lobby renovations are planned for Buildings II and IV, along with 5-Star conference centers, a new spec suite program, and other front-of-house enhancements. A new greenspace for community events and highly visible signage opportunities for all three towers are included as well. Available floor plates range from 37,000 to 41,000 square feet, and will include loft suites that blend flexible design and open floor plans.
The revamped, atrium-style lobbies will embrace biophilic design elements, including abundant natural light, indoor water features and a variety of plant life.
“The Collective at Concourse provides a dynamic professional setting that blurs the lines between indoors and outdoors,” said Jake Mota, Senior Director at CBRE Global Investors. “Research data shows biophilic design is not only aesthetically pleasing, but also has a proven track record of improving business outcomes through strengthening employee well-being and overall productivity. We’re wholly committed to partnering with our tenants by providing an environment that produces tangible results and strengthens their overall organization.”
Located on a 63-acre park with stunning lakeside views, the property is also the home of the prominent “King” and “Queen” towers that are separately owned, and features a 4-star Westin Hotel, state-of-the-art fitness center, two miles of walking and biking trails, lakeside patio seating and numerous restaurants and cafes. Round-the-clock shuttles are available for workers going to and from The Collective at Concourse to the nearby Dunwoody MARTA station. The campus also provides convenient access to Interstate 285 and other major travel arteries in the area, as well as ample parking.
“This campus has long been known as the premier office property in Central Perimeter,” said Jeff Keppen, senior vice president at CBRE. “The Collective at Concourse is well-positioned to take advantage of the growing demand for cutting-edge workspace that offers walkability, a sense of community and urban-style amenities within a suburban setting. CBREGI’s investment reflects our commitment to create a world-class work environment that is tenant-focused and delivers CBREGI’s signature 5-Star experience.”
The buildings are currently 87% leased, and include notable tenants such as SecureWorks, T-Mobile, Elavon and Amtrak. The Central Perimeter submarket currently has the lowest vacancy rate of any Atlanta submarket.
To learn more about floor plans and available units at The Collective at Concourse, click here. Photos of the property can be found here.
About CBRE Global Investors
CBRE Global Investors is one of the world’s largest real estate investment management firms with $86.5 billion in assets under management. The firm sponsors real estate investment programs across the risk/return spectrum in North America, Europe and Asia for investors worldwide including public and private pension funds, insurance companies, sovereign wealth funds, foundations, endowments and private individuals. Programs include core/core-plus, value-added and opportunistic strategies through separate accounts and commingled equity funds, debt investment, global multi-manager programs and listed global real estate securities vehicles.
