Saturday, August 22, 2015

Third & Urban Acquires Seven Warehouse Buildings in Armour Yards

Pierce Lancaster
ATLANTA, GA – Third & Urban, a real estate development and investment firm, announces it has purchased four warehouse buildings with three more set to close by the end of the year in the up-and-coming Armour/Ottley industrial area adjacent to SweetWater Brewing Company and American Spirit Works.

The 275,000 square feet of warehouse buildings were chosen for their excellent access to I-85, Piedmont Park, future Atlanta BeltLine and Path 400 trail access and their proximity to Buckhead and Midtown. 

The $70 million redevelopment, called Armour Yards, is fully funded, with groundbreaking taking place in August 2015 and rolling deliveries scheduled between winter and summer of 2016.

“We’ve spent considerable time studying a lot of progressive office product in west coast markets over the past year—airy, approachable campuses in urban settings with a focus on community and quality of life,” says Pierce Lancaster of Third & Urban. 

“TAMI tenants (tech, advertising, media and information) have largely driven this shift, but we think the appeal is universal, and growing rapidly in the Southeastern U.S.”

Hank Farmer
Through assemblage of the seven warehouse buildings, Third & Urban has sufficient scale to make a true impact on the streetscape and overall environment of Armour Yards. 

The mixed-use buildings will provide tenants with physically inspiring office space, incorporating restaurants, a coffee shop and a variety of entertainment options.

“People are seeking a work environment that’s different from the status quo, that provides discovery and delight in every detail, and that has the comfortable feel of a place you enjoy,” says partner Hank Farmer.

Leasing for Armour Yards is being led by Jeff Bellamy, Brooke Dewey, and Liz Koteles of JLL. Gay Construction has been selected as general contractor for the first phase of development, with architecture by Smith Dalia Architects and Kronberg Wall.

  For a complete copy of the company’s news release, please contact:

Lapidus/Andi Hill
Liz Lapidus PR

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