The Atlanta Braves season might be off to a historically rocky start, but the team’s ownership group has scored a deal they say will beef up expansion opportunities—and parking options—for the ballclub’s ever-growing mixed-use district. 

Braves Development Company has acquired a six-building office complex home to marquee companies called Pennant Park, situated about a 10-minute walk (via a pedestrian bridge) or three-minute drive from Truist Park, according to ownership group Atlanta Braves Holdings. 

Situated near the intersection of Interstate 75 and I-285, adjacent to both The Battery Atlanta and Chattahoochee River National Park, the 34-acre office park today includes about 764,000 square feet of office space and more than 2,700 parking spaces. 

Overview of the Pennant Park complex (foreground) in relation to The Battery Atlanta and Midtown and downtown in the distance. Courtesy of Atlanta Braves Holdings

Pennant Park had been owned by Rubenstein Partners, developers of Uptown Atlanta and other projects, since 2017. The Braves’ purchase price was not disclosed. 

According to Braves Development Company leadership, the acquisition will increase the company’s land footprint around The Battery by more than 30 percent, boosting total square footage to more than 3 million square feet. 

The office buildings are more than 80 percent leased today, anchored by companies such as The Home Depot. 

The deal will provide another parking option for the roughly 9 million visitors to The Battery each year, while creating a palette for future development and growth, said Mike Plant, Braves Development Company president and CEO, in an announcement today. 

Breakdown of the two Cobb County sites in question and current uses. Courtesy of Atlanta Braves Holdings

Courtesy of Atlanta Braves Holdings

No specific future development ideas were floated, but Braves leadership said the Pennant Park buy will allow them to continue “our innovative spirit in taking professional sports well beyond traditional boundaries” and “invest in opportunities that advance our core mission of delivering the best sports and entertainment experiences.”

The office complex is comprised of two components: Pennant Commons and Pennant View. Braves’ leadership says the latter has a large enough footprint for future “site densification, driven by the rapidly urbanizing trajectory of the area,” according to today’s announcement. 

Today, Pennant View features two six-story buildings on 17 acres, both upgraded between 2017 and 2019. Its surface and deck parking totals 970 spaces. 

Meanwhile, Pennant Commons has four office buildings (standing four to six stories), also on 17 acres, and 1,700 parking spaces in lots and a deck. Between buildings is a recently upgraded, centralized communal plaza known as The Quad. Two buildings are fully leased to The Home Depot, while the others have a mix of 14 tenants, per Braves officials. 

Beyond stadium walkability, other perks around the property include two fitness centers, a helipad (baller!), a lake with a jogging trail, a putting green, two cafes, a 48-person conference center, courts for bocce and other sports, and on-site car detailing services. The location also counts a Cobb Community Transit System bus stop.

In the gallery above, find more context and a closer look at the Braves' newly acquired office properties. 

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