Parkway Corporation Acquires Atlanta Parking Lot to Expand National Presence
Parkway Corporation has acquired an off-market surface parking lot in Downtown Atlanta's Centennial Park District, expanding its national footprint into 11 states. The 50,526-square-foot property features 113 spaces and is located near major attractions such as Mercedes-Benz Stadium and State Farm Arena, drawing over 12 million annual visitors. The acquisition aligns with Parkway's strategy to invest in high-growth urban markets that offer strong current cash flow and long-term development potential. The site is adjacent to the $5 billion Centennial Yards mixed-use project, enhancing its future value prospects. Parkway has partnered with The Car Park for operations management as it continues expanding across key U.S. cities including Charlotte, Raleigh, Orlando, Denver, Fort Worth, Kansas City, and Philadelphia.
Topics: parking operations real estate acquisition urban development