Armada Hoffler Strengthens Office Portfolio at The Interlock
Exciting New Developments at The Interlock
VIRGINIA BEACH, Va. — Armada Hoffler (NYSE: AHH) has made a significant move in the Atlanta commercial real estate market by signing three new office leases at The Interlock, a vibrant mixed-use development that continues to capture the attention of businesses seeking modern workspaces. The newly leased space, totaling around 20,000 square feet, will accommodate a diverse trio of tenants: private equity firm Directional Capital, digital marketing agency Look Listen, and the law firm Levy, Sibley, Foreman & Speir, LLC.
A Flourishing Business Environment
This announcement comes closely on the heels of the recent leases with The Gathering Spot and F1® Arcade, indicating a trend towards revitalization in this prime area. The Interlock was previously home to WeWork, and the swift leasing of the space left behind speaks volumes about the renewed interest and demand in the office market.
Partners in Innovation
With the addition of these new tenants, The Interlock is not just filling vacancies; it is enhancing its community of innovative organizations. Each of the new companies represents distinct industries, bringing a variety of talents and perspectives that will enrich the collaborative atmosphere that The Interlock promotes. According to Shawn Tibbetts, Chief Executive Officer and President at Armada Hoffler, the strong demand for office space here is evident. "We are thrilled to welcome three new companies to The Interlock and proud to have secured tenants to backfill nearly all of the former WeWork office space," he mentioned, reflecting the company’s enthusiasm for fostering a dynamic work environment.
Modern Amenities Ahead
The Interlock is characterized by its unique architectural design, which includes a blend of cutting-edge office spaces along with an array of dining, retail, and entertainment options. This synergy of work and leisure makes The Interlock one of Atlanta's most desirable locations for businesses seeking not only office space but also an engaging neighborhood experience. The ongoing commitment to creating a thriving ecosystem for businesses, entrepreneurs, and creatives aligns with the needs of modern companies that value flexibility and community in their workspace.
A Dedicated Team Behind the Transactions
Kevin Driver and Malik Leaphart of Stream Realty Partners played an essential role by representing Armada Hoffler in these transactions, ensuring that the interests of the landlord were met with dedication and expertise.
About Armada Hoffler
Armada Hoffler (NYSE: AHH) is a well-established real estate investment trust (REIT) with over forty years of experience in developing, building, acquiring, and managing a diverse portfolio of high-quality office, retail, and multifamily properties primarily located in the Mid-Atlantic and Southeastern United States. With a rich history dating back to its founding in 1979 by Daniel A. Hoffler, the company is also engaged in providing third-party general construction and development services, facilitating its clients’ project visions. Armada Hoffler is recognized for its commitment to excellence and innovation in the real estate sector. For those interested in learning more about the company's mission and projects, further details can be found at ArmadaHoffler.com.
Contact Information
Chelsea Forrest
Vice President of Corporate Communications and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 612-4248
Frequently Asked Questions
What recent leases has Armada Hoffler announced?
Armada Hoffler has announced three new office leases at The Interlock, totaling approximately 20,000 square feet.
Who are the new tenants at The Interlock?
The new tenants include Directional Capital, Look Listen, and Levy, Sibley, Foreman & Speir, LLC.
What does The Interlock offer?
The Interlock offers modern office spaces along with a variety of restaurants, retail shops, and entertainment options.
What is the significance of these leases?
These leases reflect a strong demand for office space in Atlanta and mark a significant rebound following WeWork’s departure.
Who represented Armada Hoffler in these transactions?
Kevin Driver and Malik Leaphart of Stream Realty Partners represented the landlord in the leasing transactions.
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