Construction Nears For New Lee + White Tenant

The roughly 20,000-square-foot project is for Carbice Corporation, an Atlanta-based nanotechnology company fresh off $15 million in funding
Carbice Lee + White Rendering 1
Rendering: Official
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Permit applications have been filed to build out new space within West End‘s Lee + White project for Carbice Corporation, an Atlanta-based nanotechnology company, according to city of Atlanta records.

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Designed by commercial architecture firm Ruark & Wyatt Architects, plans call for 19,150 square feet of new space within about 52,000 square feet of building area at Lee + White’s 1050 White Street building.

The project will create both office and factory space for Carbice, the creator of Carbice Carbon technology that provides thermal management for devices ranging from phones to spacecraft. A commercial alteration permit filing for the tenant fit-up project lists a cost of construction of about $4.9 million.

Neither Carbice Corporation nor Lee + White developer Ackerman & Co. immediately responded to requests for comment.

Acquired by MDH Partners and Ackerman & Co. from Stream Realty Partners in 2019, Lee + White is an adaptive reuse mixed-use project bordering the Atlanta BeltLine Westside Trail, White Street, and Lee Street. The joint venture closed on financing in December for an $85 million second phase of the project with plans for office, food hall, and multifamily space.

The project has already attracted a growing number of restaurant and brewery tenants.

The permit filings for 1050 White St. late last month follow a report on Intelligence360 News of Carbice’s plans, which reportedly include a roughly January 1, 2022 move-in date.

They also follow Carbice garnering $15 million in Series A funding led by Downing Ventures in the fall.

Carbice was founded in 2017 by Georgia Tech professor Baratunde Cola.

The program manager for the company’s tenant-improvement project is listed in plans as CBRE.

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Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
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