The Ardent Companies, a real estate investment and asset management firm headquartered in Atlanta, GA, has purchased threeindustrial buildings at 279 Ottley Drive (49,500 SF), 221 Armour Drive (47,775 SF), and 219 Armour Drive (15,660 SF). Michael Anderson of Cresa Global, Inc. represented The Ardent Companies in this transaction.
The new owner plans to convert the buildings into loft office space in response to growing demand in this boutique development. The Armour Yards district is uniquely situated within the urban core and offers an environment attractive to a variety of growing businesses seeking non-traditional office space.
“Armour Drive is centrally located off I-85, I-75, and GA 400 between Buckhead and Midtown, easily accessible from the Lindbergh MARTA station,” said Scott Werbel, Managing Director at The Ardent Companies. “The area has convenient walkable amenities adjacent to the proposed Beltline and Path 400 trails.”
The buildings are within walking distance of the popular SweetWater Brewery and ASW Distillery. Other tenants within the development include East Pole Coffee Co., Fox Brothers, Coyote Logistics, and Atlanta Track Club.
According to the GA Department of Transportation, upcoming infrastructure improvements in the immediate area include widening and adding lanes, construction of a single lane roundabout, and elevating a sidewalk connection for pedestrian and bike use.
About the Ardent Companies
The Ardent Companies (“Ardent”) is a privately held solutions-based real estate investment and asset management firm. Ardent combines the disciplines of primary market research & comprehensive due diligence with a commitment to long-term industry relationships to create compelling risk adjusted returns to investors. Ardent is owned and managed by highly experienced real estate and investment professionals with an average of twenty years’ experience in real estate transactions, property acquisitions, underwriting, asset management, valuation, servicing, and institutional real estate investment banking. For more information on Ardent visit www.theardentcompanies.
About Cresa Global Inc.
Cresa is the world's largest commercial real estate advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions. Delivered across every industry, its services include Consulting, Facilities Management, Global Portfolio Solutions, Investment Banking, Lease Administration, Location Strategy & Economic Development Incentives, Project Management, Transaction Management and Workplace Intelligence. With over 1000 employees in more than 80 offices globally, Cresa partners with occupiers everywhere. For more information, please visit cresa.com.
