by TOA Admin | April 4, 2025 | Industry and Growth
Atlanta, GA — In a move that underscores the continued growth and innovation at The Battery Atlanta, Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) has announced its acquisition of Pennant Park, a six-building office complex situated near Truist Park and The Battery Atlanta.
A Strategic Expansion
Pennant Park, formerly owned by Rubenstein Partners, adds 763,465 square feet of office space on approximately 34 acres, complete with more than 2,700 parking spaces. This acquisition significantly increases the Braves Development Company’s footprint, bringing The Battery Atlanta’s available office space to over three million square feet. Pennant Park currently hosts 24 tenants—anchored by blue-chip organizations like The Home Depot—and is over 80% leased.
“We’re excited about this strategic step in the growth of our real estate portfolio,” said Mike Plant, President & CEO of Braves Development Company. “Acquiring Pennant Park expands our footprint and positions us to capitalize on the continued interest in The Battery Atlanta. It also offers additional parking capacity for the roughly nine million people who visit us each year.”
Enhancing the Tenant Experience
With two distinct components—Pennant Commons and Pennant View—the site provides a vibrant environment for tenants:
- Pennant Commons (buildings 320, 340, 360, 380):
- Four to six stories high, equipped with surface and structured parking.
- Anchored by The Home Depot in two fully leased buildings (320 and 340).
- A recently upgraded communal plaza known as “The Quad” lies at the center, surrounded by 14 tenants in buildings 360 and 380.
- Pennant View (buildings 210 and 3100):
- Both structures feature multimedia lobbies upgraded between 2017 and 2019.
- Significant potential for future site development, leveraging the area’s rapidly urbanizing trajectory.
Additional on-site amenities include 24-hour security, two fitness centers, a 48-person conference center, a tenant lounge and café, and recreational features such as a bocce ball court, putting green, multi-sport game court, and lake with a jogging trail. The complex also benefits from a helipad and a Cobb Community Transit System bus stop.
Growing Beyond Traditional Boundaries
This acquisition is more than a real estate play; it represents the Atlanta Braves’ broader vision of creating multifaceted experiences that extend beyond baseball. As The Battery Atlanta grows, the organization is committed to creating and sustaining spaces where businesses, fans, and the local community can thrive.
To learn more about the Braves Development Company’s portfolio and future plans, visit The Battery Atlanta. For media inquiries, contact Jennifer Giglio at Jennifer.Giglio@braves.com; for investor relations, contact Cameron Rudd at Cameron.Rudd@braves.com.
About Atlanta Braves Holdings, Inc.
Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) encompasses the ownership and operation of the Atlanta Braves Major League Baseball Club, as well as the expansive real estate portfolio that includes The Battery Atlanta and Truist Park.