Newmark is pleased to announce that TK Volleyball has signed a 50,000-square-foot lease at King’s Market Shopping Center in Roswell, Georgia. Formerly occupied by Home Depot, the retail space will be transformed into the volleyball club’s headquarters and training facility, which includes six indoor courts and up to five outdoor beach volleyball courts.
King’s Market Shopping Center is located at 1425 Market Boulevard and is within proximity of GA-400. Other tenants include Sky Zone Trampoline Park and Publix. Malon D. Mimms Company owns the 281,064-square-foot shopping center, and its Vice President of Leasing Rebecca Odom represented the center in lease negotiations. Newmark Executive Managing Director Dale Karrh and Associate Director Chris Dundon represented the tenant.
“Finding the right space for this type of athletic facility was a unique challenge,” said Karrh. “A variety of features such as ceiling heights, column spacing and parking had to be factored into our search, and we’re thrilled to secure a space that allows TK Volleyball to build a premier facility in a well-located area. This adaptive reuse venture will breathe new life into a 10-year-vacant big box and introduce an exciting new use to the community. We expect the club to flourish and congratulate their team on this milestone.”
The property features 30,000 square feet of indoor space and 20,000 square feet of outdoor space. Malon D. Mimms Company will turn over the space to the club in the Spring of 2019 for the tenant build-out. TK Volleyball is projected to begin moving from its old location in Emerson, Georgia in Summer 2019.
In addition to the 11 courts, the facility will house administrative offices and rubber floor areas for physical therapy and training. Each court will have the safest and highest quality flooring. The facility will be mainly utilized by club teams for children under 18 years old as well as intermittently hosting tournaments and adult leagues.
“Newmark did a superb job in aligning our vision with a creative solution that will allow us to build one of metro Atlanta’s premier volleyball facilities,” said TK Volleyball’s Brad Rush. “Their expertise in conducting these types of transactions was invaluable, and ensures that our master timeline for the next phase of growth stays on track. They were extremely responsive throughout the process and made what could be a challenging situation very stress free.”
TK Volleyball’s Suzanne Fitzgerald, who was recently named national coach of the year by the National High School Coaches Association (NHSCA), came up with the company’s name - TK is short for the Aramaic phrase “Taley Koum” which when translated to English means “Little child, get up, arise.” TK Volleyball aims to create a mentally and physically healthy environment for young athletes to challenge themselves through training and competition.
Fitzgerald said, “We felt like there was a demand in Atlanta and the volleyball club culture could be enhanced. We are excited about the opportunity to create an inclusive place that prioritizes training methodology, culture and a positive experience for every player.”
For more information on TK Volleyball please visit, www.TKvball.com.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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