Tech Square expansion gets a lift with first office lease

By Doug Sams and Amy Wenk

German manufacturing giant ThyssenKrupp AP is expanding in Midtown, becoming the first office tenant in the $375 million next phase of Georgia Tech’s Technology Square.

ThyssenKrupp will lease a portion of the planned 21-story office tower at Spring and 4th streets, which is slated to include a high performance computing center. The project will overlook Tech Square, which today is a center of gravity for many corporate research and development centers.

ThyssenKrupp Elevator Americas, along with companies such as AT&T Mobility, The Home Depot and Coca-Cola Enterprises, have put innovation centers at Tech Square, which over the past decade expanded the Georgia Tech campus across the Downtown Connector into the south end of Midtown.

ThyssenKrupp will lease up to 15,000 square feet in the planned office building, where it’s likely expanding its research and technology teams.

The office tower already plans to use ThyssenKrupp’s dual-car elevator system. The company may see the space as a way to test and expand remote and mobile monitoring technology capability of its elevator systems.

Portman Holdings is designing and developing the 750,000-square-foot mixed-use project, which it calls Coda, a term used for the conclusion to a musical or literary act.

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