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|Année de construction||1960|
Jones Lang LaSalle Americas, Inc (“JLL”) is please to offer the opportunity to acquire Armour Yards, a best-in-class portfolio of creative office located in Atlanta, Ga. Comprised of 226,779 square feet, Armour Yards encompasses 5 different properties that are currently 93% occupied. Adaptively redeveloped from warehouse into creative office over the last 5 years, the portfolio offers a unique blend of stability with upside. The in-place tenancy provides 4.8 years of WALT with 28% leased to investment grade companies, while the portfolio also provides the ability to add value through the lease up of the newly completed 251 Armour building.
Strategically located in Midtown with close proximity to Buckhead, Armour Yards provides excellent access to some of Atlanta strongest residential neighborhoods including, Ansley Park, Brookwood Hills, Peachtree Hills and Midtown. In addition to the immediate access to I-85, the Property is poised to benefit from direct connectivity to the Atlanta Beltline and Path 400 once the Northeast section of the Beltline is completed. While there are numerous walkable amenities to Armour Yards including SweetWater Brewery, Fox Bros BBQ and EastPole Coffee, the portfolio’s location provides access to a numerous additional dining and retail options within a short drive.
While Armour Yards has already experienced significant tenant demand, the portfolio is poised for continued success as companies focus on a health first mentality in a post-COVID environment with the ability to control their own space. With a combination of a strong credit rent roll with term, the ability to add value through the lease up of 40,000 SF (18% of total RSF) and the anticipated continued tenant demand for the project, Armour Yards offers investors the rare opportunity to acquire a large-scale best-in-class creative office portfolio within Atlanta’s strongest office market.
Sticky Tenancy with Diversified Rollover Schedule
Central Location & Accessibility
Leasing Momentum & Competitive Advantage
Future Mark-to-Market Opportunity
In-District & Surrounding Amenities
Best-in-Class Adaptive Reuse Design
Strength of the Creative Office Market