JLL’s agency leasing team and Preferred Office Properties today released new renderings of 251 Armour, a new creative office concept at the front of the Armour Yards district and on the upcoming BeltLine trail extension. JLL’s Brooke Dewey and Jeff Bellamy handle leasing on behalf of the owner.
Preferred Office Properties, a subsidiary of Preferred Apartment Communities Inc. (NYSE:APTS), initially purchased a collection of four creative office buildings at Armour Yards from JP Morgan and Third & Urban in January 2018. The company made the move to acquire 251 Armour in July 2019 to provide additional creative office space for existing tenants experiencing high growth, as well as new office and non-office users.
With construction set to begin this summer and the redeveloped building expected to deliver in spring 2021, 251 Armour will offer approximately 38,000 square feet of single-story, creative office space, by repurposing a former Atlanta tortilla factory. The large floor-plate offers flexible buildout opportunities, with dedicated entrances for each tenant. Skylights throughout the 16-foot-high ceiling and a combination of storefront and clerestory windows on the exterior façade will envelop the space with natural light. With a 3 per 1,000 on-site surface parking ratio, tenants will enjoy ample free parking, a key differentiator compared to similar adaptive reuse properties. Bathrooms with showers and lockers, and new sidewalks and landscaping will enhance usage of the Northeast trail extension of the Atlanta BeltLine along Armour Drive, for recreation and commute alternatives.
“Tenants of 251 Armour will join a creative community of entrepreneurs at a coveted central Atlanta location with outstanding on-site amenities and unmatched access,” said JLL’s Bellamy. “In addition, the spacious floor-plates and single-story layout of 251 Armour will appeal to wide-ranging office users currently considering how the design of office space meets future social-distancing needs. We’re witnessing a renewed focus on the flexibility offered by adaptive reuse of Atlanta’s historic warehouses, many of which dot the Atlanta BeltLine’s expanding trails.”
Dining and recreation options include American Spirit Works Distillery, East Pole Coffee Co., Fox Bros. “QUE”-OSK, SweetWater Brewing Company and Atlanta Track Club. A variety of community programming, from yoga classes on the lawn to the AY Farmers Market, chef pop-ups and wine tastings, outdoor movie nights and more, also empowers companies located at Armour Yards to invest in self-care. Additional provisions located within three miles of Amour Yards include numerous restaurants and landmarks such as Grindhouse Killer Burgers, Holeman and Finch Public House, Piedmont Park and The High Museum of Art. Centrally situated between Buckhead and Midtown, 251 Armour offers direct access to I-85, I-75, GA 400 and Path 400 Trails. Tenants will also have the option for convenient on-site shuttle access to the MARTA Lindbergh Station.
“In 2018 we had the opportunity to step into Armour Yards with a high-quality, well-leased 4-building portfolio of creative office properties. Since then, we’ve only seen demand grow for well-located adaptive reuse product and 251 Armour is in response to that,” said Boone DuPree, CEO of Preferred Office Properties. “Our goal is to continue to advance the creative ecosystem at Armour Yards, complete with a diverse mix of amenities on site and connectivity through the BeltLine. We’re pleased to expand our portfolio with 251 Armour and look forward to welcoming additional tenants to this dynamic district.”
Over the past 12 months, Preferred Office Properties and other community stakeholders launched the Piedmont Heights (“PiHi”) Alliance (www.pihialliance.org), a non-profit membership organization of business owners and Piedmont Heights Civic Association representatives dedicated to communicating and connecting to smart business growth in Piedmont Heights. This includes advocacy work on behalf of member businesses with the City, state government and the Atlanta Beltline. The PiHi Alliance has successfully lobbied the City to address street flooding, traffic and other issues affecting the neighborhood, organized recurring neighborhood cleanup, and was instrumental in mobilizing all Armour Yards businesses to unanimously support the Northeast extension of the BeltLine through the Armour Yards neighborhood.
On July 30, Preferred Office Properties will welcome tenant representation brokers to the SweetWater outdoor patio for more information on 251 Armour over drinks and small bites. Those interested in attending should contact brooke.dewey@am.jll.com. For more information on preleasing at 251 Armour, please contact Jeff Bellamy or Brooke Dewey at jeff.bellamy@am.jll.com or brooke.dewey@am.jll.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
