Skanska USA has reached a significant topping out milestone in the construction of TPA Group and USAA Real Estate Company’s Class A office building, 3400 Overton, in northwest Atlanta.
Skanska and a crew of more than 200 construction workers were joined by anchor tenant Synovus Financial Corp., and executives from TPA and USAA for the topping out celebration, marked by the completion of the last pour on the roof level of the concrete structure.
Synovus is leasing slightly more than half of the seven-story, 175,000-square-foot Class A office building, located at Akers Mill Road and Cumberland Boulevard in Cobb County. The floor plan is designed with open floor plates and floor-to-ceiling glass, allowing for greater access to natural light and great views of Downtown, Midtown, and Buckhead.
One of the first new ground-up office buildings built in Atlanta since the economic downturn in 2008, the building is located in an area thriving with new businesses. With easy access to the Cobb Energy Performing Arts Centre, Cumberland Mall, and Cobb Galleria, 3400 Overton is at the nexus of a vibrant retail and dining scene, which will boost brand visibility and enhance the working experience for its tenants. The balcony that serves as the building’s design hallmark takes advantage of its prime location and overlooks SunTrust Park, which is scheduled to open for the Atlanta Braves’ 2017 Major League Baseball season.
“After a long drought of new office space, Atlanta is ready for the innovative design and superb amenities of 3400 Overton,” said Scott Cannon, EVP/General Manager of Skanska USA Building for Georgia and South Carolina. “Adjacent to more than one million square feet of retail space and with a bird’s eye view of the Braves’ new park, 3400 Overton inspires a work-play environment.”
Heery International Design is providing architecture and interior design services. The building was a finalist for Office Deal of the Year in the Atlanta Business Chronicle’s “Best in Atlanta” real estate awards.
3400 Overton is on track for completion in June 2017. Renderings can be found here.
Skanska USA is one of the largest, most financially sound construction and development companies in the U.S., serving a broad range of clients including those in transportation, power, industrial, water/wastewater, healthcare, education, sports, data centers, government, aviation and commercial. Headquartered in New York with offices in 31 metro areas, we have more than 11,000 employees committed to being leaders in safety, project execution, sustainability, ethics, and people development. In 2015, our work in building construction, civil and power/industrial construction, commercial development, and infrastructure development (public-private partnerships) generated $7.1 billion in revenue. Global revenue of parent company Skanska AB, headquartered in Stockholm and listed on the Stockholm Stock Exchange, totaled $18.4 billion in 2015. Skanska shares are publicly traded in the U.S. on the OTC market under the symbol SKBSY through a Level I American Depository Receipt program.
About TPA Group
Formed through the merger of two of Atlanta’s most respected real estate firms and with a combined 135 years of experience, TPA Group is a private real estate investment, acquisitions, and development firm whose principals have acquired and developed in excess of 25 million square feet and 27,000 acres—all valued at more than $5 billion.
About USAA Real Estate Company
USAA Real Estate Company, with approximately $15 billion in assets under management, provides co-investment, acquisition, build-to-suit, and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail, and hotel properties, as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, please visit www.usrealco.com.