The original price tag for the project was $10.2 million, butwith the increased size, the cost has nearly doubled, HighwoodsProperties Inc. vice president of the Atlanta division JimBacchetta tells GlobeSt.com. The building had originally beenslated to be a two-story structure, but with the increased size, itwill be four stories. The footprint of the building was slightlymodified and some building systems, such as elevators, were changedto accommodate the larger structure. "We're utilizing more land forthe project, but fortunately Highwoods already owned the land,"Bacchetta says.

Bacchetta says the larger building, which will include officeand some training space, was needed to accommodate the increaseddemands and responsibilities of the agency. Tradeport is located onInternational Parkway, near the Hartsfield-Jackson AtlantaInternational Airport and Interstate 75.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.