Thyssenkrupp Downsizing from head office to drums
Courtesy of Brasfield & Gorrie
Construction of the Three Ballpark Center, the future home of Thyssenkrupp Elevator, continues.
Thyssenkrupp elevator Americas is downsizing its head office even before moving there.
The elevator manufacturer will occupy less of the North American headquarters than it is building in Drums Atlanta than expected, company spokesman Dennis Van Milligen said bisnow in an email.
Thyssenkrupp announced in 2018 it would anchor 235K SF of the new 306K SF office building, Three Ballpark Center, which Braves Development Co. owns and is developing, starting in 2022.
“Our original plan was adjusted as we redesigned our workspaces to be more modern and collaborative,” said Van Milligen. “As such, we have more space than originally planned based on the current arrangements.”
Thyssenkrupp still plans to employ 900 people in Metro Atlanta, spread across its next headquarters and its Innovation and Qualification Center, the 420-foot-tall elevator test facility it is developing. also at The Battery.
Van Milligen did not indicate how many square feet Thyssenkrupp would retain at the Three Ballpark Center, but officials at the general building contractor Brasfield & Gorrie said Thyssenkrupp was taking four of the 11 floors in an August press release. This would mean, given the building’s 31K SF floor plates, that Thyssenkrupp could reduce its footprint to 124,000 square feet, leaving more than 100,000 square feet of its leased space unused.
Van Milligen said he was not sure what the company would do with the excess office space. Courageous CEO of the development company Mike crashes did not respond to a request for comment at time of posting.
“Subletting remains a possibility, but no arrangement has been made,” said Van Milligen.
If the elevator maker ends up offering the extra space to outside companies, it might already have a prospect at Papa John’s, who announced last week that it was moving its global headquarters from Louisville, Kentucky. Sources Recount bisnow that Papa John’s was concentrating his search for office space in the Cumberland / Galleria area, specifically space at The Battery.
The change of its headquarters to Atlanta comes nearly two months after German conglomerate Thyssenkrupp sold its elevator division – its most profitable – to a consortium of private equity firms for more than $ 20 billion.