Armada Hoffler Announces Three New Office Leases at The Interlock in Atlanta
Armada Hoffler (NYSE: AHH) has secured three new office leases totaling approximately 20,000 square feet at The Interlock, a premier mixed-use development in Atlanta. The new tenants include Directional Capital (private equity), Look Listen (digital marketing), and Levy, Sibley, Foreman & Speir (law firm).
This announcement follows recent lease agreements with The Gathering Spot and F1® Arcade, effectively filling nearly all the vacant space previously occupied by WeWork. The successful backfilling of the WeWork space demonstrates strong market demand for The Interlock's modern office spaces and amenities.
The Interlock features a mix of office spaces, restaurants, retail, and entertainment options in one of Atlanta's most desirable neighborhoods, positioning itself as a destination for businesses seeking modern, flexible workspaces in a community-focused environment.
Armada Hoffler (NYSE: AHH) ha acquisito tre nuovi contratti di locazione per uffici per un totale di circa 20.000 piedi quadrati presso The Interlock, un prestigioso sviluppo a uso misto ad Atlanta. I nuovi inquilini includono Directional Capital (private equity), Look Listen (marketing digitale) e Levy, Sibley, Foreman & Speir (studio legale).
Questo annuncio segue recenti accordi di locazione con The Gathering Spot e F1® Arcade, riempiendo praticamente tutto lo spazio vacante precedentemente occupato da WeWork. Il successo nel riempire gli spazi di WeWork dimostra una forte domanda di mercato per gli spazi ufficio moderni e le comodità di The Interlock.
The Interlock offre una combinazione di spazi per uffici, ristoranti, negozi e opzioni di intrattenimento in uno dei quartieri più desiderabili di Atlanta, posizionandosi come una meta per le aziende che cercano spazi di lavoro moderni e flessibili in un ambiente orientato alla comunità.
Armada Hoffler (NYSE: AHH) ha asegurado tres nuevos contratos de arrendamiento de oficinas que totalizan aproximadamente 20,000 pies cuadrados en The Interlock, un desarrollo de uso mixto de primer nivel en Atlanta. Los nuevos inquilinos incluyen Directional Capital (capital privado), Look Listen (marketing digital) y Levy, Sibley, Foreman & Speir (bufete de abogados).
Este anuncio sigue a acuerdos de arrendamiento recientes con The Gathering Spot y F1® Arcade, llenando prácticamente todo el espacio vacío anteriormente ocupado por WeWork. El exitoso llenado del espacio de WeWork demuestra una fuerte demanda del mercado por los modernos espacios de oficina y comodidades de The Interlock.
The Interlock cuenta con una mezcla de espacios de oficina, restaurantes, tiendas y opciones de entretenimiento en uno de los barrios más deseables de Atlanta, posicionándose como un destino para empresas que buscan espacios de trabajo modernos y flexibles en un entorno centrado en la comunidad.
Armada Hoffler (NYSE: AHH)는 애틀랜타의 프리미엄 혼합 용도 개발인 The Interlock에서 총 약 20,000 평방피트에 해당하는 세 개의 새로운 사무실 임대 계약을 체결했습니다. 새로운 세입자는 Directional Capital (사모펀드), Look Listen (디지털 마케팅), Levy, Sibley, Foreman & Speir (법률 사무소)입니다.
이번 발표는 The Gathering Spot 및 F1® Arcade와의 최근 임대 계약에 이어 이루어졌으며, WeWork가 이전에 점유했던 거의 모든 빈 공간을 효과적으로 채웠습니다. WeWork 공간의 성공적인 재임대는 The Interlock의 현대적인 사무실 공간과 편의 시설에 대한 강한 시장 수요를 보여줍니다.
The Interlock은 애틀랜타에서 가장 매력적인 동네 중 하나에 위치하며 사무실 공간, 레스토랑, 소매 및 엔터테인먼트 옵션을 혼합하여 현대적이고 유연한 작업 공간을 찾는 기업을 위한 목적지로 자리잡고 있습니다.
Armada Hoffler (NYSE: AHH) a sécurisé trois nouveaux baux de bureaux totalisant environ 20 000 pieds carrés au The Interlock, un développement mixte de premier plan à Atlanta. Les nouveaux locataires incluent Directional Capital (capital-investissement), Look Listen (marketing numérique) et Levy, Sibley, Foreman & Speir (cabinet d'avocats).
Cette annonce fait suite à des accords de location récents avec The Gathering Spot et F1® Arcade, remplissant efficacement presque tout l'espace vacant précédemment occupé par WeWork. Le succès du remplissage de l'espace WeWork démontre une forte demande du marché pour les espaces de bureaux modernes et les commodités de The Interlock.
The Interlock propose un mélange d'espaces de bureaux, de restaurants, de commerces et d'options de divertissement dans l'un des quartiers les plus prisés d'Atlanta, se positionnant comme une destination pour les entreprises à la recherche d'espaces de travail modernes et flexibles dans un environnement axé sur la communauté.
Armada Hoffler (NYSE: AHH) hat drei neue Büroanmietungen mit einer Gesamtfläche von etwa 20.000 Quadratfuß im The Interlock, einem erstklassigen Mischentwicklungsprojekt in Atlanta, gesichert. Zu den neuen Mietern gehören Directional Capital (Private Equity), Look Listen (digitales Marketing) und Levy, Sibley, Foreman & Speir (Rechtsanwaltskanzlei).
Diese Ankündigung folgt auf kürzliche Mietverträge mit The Gathering Spot und F1® Arcade, wodurch nahezu der gesamte zuvor von WeWork genutzte Leerstand gefüllt wird. Die erfolgreiche Nachvermietung des WeWork-Raums zeigt die starke Marktnachfrage nach den modernen Büroflächen und Annehmlichkeiten von The Interlock.
The Interlock bietet eine Mischung aus Büroflächen, Restaurants, Einzelhandel und Unterhaltungsangeboten in einem der begehrtesten Viertel Atlantas und positioniert sich als Ziel für Unternehmen, die moderne, flexible Arbeitsräume in einem gemeinschaftsorientierten Umfeld suchen.
- Successfully backfilled nearly all vacant WeWork space, demonstrating strong market demand
- Secured three new office leases totaling 20,000 square feet
- Diversified tenant mix across different industries reduces sector concentration risk
- None.
Insights
Armada Hoffler's successful execution of three new office leases at The Interlock represents a significant operational win in the challenging office leasing environment. By securing approximately
What's particularly noteworthy is the speed at which Armada Hoffler has backfilled this space. WeWork's financial troubles and subsequent space reductions have created significant vacancies for many commercial landlords across the country, with many properties still struggling to find replacement tenants. The fact that AHH has now substantially leased the former WeWork space indicates both the quality of The Interlock development and management's proactive leasing strategies.
This announcement, combined with previously secured leases with The Gathering Spot and F1® Arcade, demonstrates the property's ability to attract diverse, high-quality tenants in the West Midtown Atlanta submarket. The multi-tenant approach also reduces concentration risk compared to the previous single-tenant (WeWork) arrangement.
For a commercial REIT like Armada Hoffler with a
Nearly all vacant WeWork space filled following latest transactions at premier mixed-use development
VIRGINIA BEACH, Va., March 20, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced the execution of three new office leases totaling approximately 20,000 square feet at The Interlock, one of Atlanta’s premier mixed-use developments. The Company finalized lease agreements with private equity firm Directional Capital, digital marketing firm Look Listen, and law firm Levy, Sibley, Foreman & Speir, LLC.
This announcement follows the highly anticipated news of the large and impactful new leases with The Gathering Spot and F1® Arcade at The Interlock. The prime office space left vacant following WeWork’s departure has now been substantially leased, marking a strong rebound and renewed demand in the market.
The three new tenants represent a diverse array of industries and bring a dynamic range of talent to the building. These leases come as part of The Interlock’s ongoing commitment to curating a thriving, innovative community of businesses within one of Atlanta’s most desirable neighborhoods.
“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,” said Shawn Tibbetts, Chief Executive Officer and President at Armada Hoffler. “With the addition of The Gathering Spot and F1® Arcade, and these exciting new office leases, we’re seeing strong demand for space in this highly amenitized location. The Interlock is rapidly becoming a destination for businesses looking for modern, flexible workspaces in a thriving, community-focused environment.”
The Interlock’s innovative design features a mix of modern office spaces, restaurants, retail, and entertainment options. Its prime location and high-end amenities make it one of the most sought-after properties in Atlanta. As the property continues to thrive, The Interlock remains committed to fostering a diverse and dynamic ecosystem of businesses, entrepreneurs, and creatives in one of Atlanta’s most exciting neighborhoods.
Kevin Driver and Malik Leaphart of Stream Realty Partners represented the landlord in the transactions.
About Armada Hoffler
Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. We also provide general construction and development services to third-party clients, in addition to developing and building properties to be placed in our stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information visit ArmadaHoffler.com.
Contact:
Chelsea Forrest
Armada Hoffler
Vice President of Corporate Communications and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 612-4248
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