Armada Hoffler Completes Impactful Lease With F1® Arcade at The Interlock
Armada Hoffler (NYSE: AHH) has secured a significant lease with F1® Arcade at The Interlock, their mixed-use development in West Midtown, Atlanta. The Formula 1-themed entertainment venue will occupy over 15,000 square feet of space, bringing the property's total retail leased occupancy to 99%.
F1® Arcade will offer state-of-the-art racing simulators, entertainment, and dining options, including globally inspired dishes and a distinctive bar serving cocktails, wines, and mocktails. This location marks F1® Arcade's expansion into the South, following successful operations in Boston and Washington D.C.
The Interlock, known for its modern office and retail spaces, architectural design, and prime location, continues to establish itself as a premier destination in Atlanta's West Midtown area. The addition of F1® Arcade enhances the property's existing portfolio of tech-infused, immersive experiences.
Armada Hoffler (NYSE: AHH) ha ottenuto un'importante locazione con F1® Arcade presso The Interlock, il loro sviluppo a uso misto a West Midtown, Atlanta. Il locale di intrattenimento a tema Formula 1 occuperà oltre 15.000 piedi quadrati di spazio, portando l'occupazione totale del retail dell'immobile al 99%.
F1® Arcade offrirà simulatori di corsa all'avanguardia, intrattenimento e opzioni di ristorazione, inclusi piatti ispirati a cucine di tutto il mondo e un bar distintivo che servirà cocktail, vini e mocktail. Questa posizione segna l'espansione di F1® Arcade nel Sud, dopo operazioni di successo a Boston e Washington D.C.
The Interlock, noto per i suoi moderni spazi per uffici e retail, il design architettonico e la posizione privilegiata, continua a affermarsi come una destinazione di primo piano nell'area di West Midtown ad Atlanta. L'aggiunta di F1® Arcade arricchisce il portfolio esistente dell'immobile di esperienze immersive e tecnologicamente avanzate.
Armada Hoffler (NYSE: AHH) ha asegurado un importante contrato de arrendamiento con F1® Arcade en The Interlock, su desarrollo de uso mixto en West Midtown, Atlanta. El lugar de entretenimiento con temática de Fórmula 1 ocupará más de 15,000 pies cuadrados de espacio, llevando la ocupación total de retail de la propiedad al 99%.
F1® Arcade ofrecerá simuladores de carreras de última generación, entretenimiento y opciones de comida, incluyendo platos inspirados en diversas cocinas del mundo y un bar distintivo que servirá cócteles, vinos y mocktails. Esta ubicación marca la expansión de F1® Arcade en el sur, tras operaciones exitosas en Boston y Washington D.C.
The Interlock, conocido por sus modernos espacios de oficinas y retail, su diseño arquitectónico y su ubicación privilegiada, continúa estableciéndose como un destino principal en el área de West Midtown en Atlanta. La adición de F1® Arcade enriquece el portafolio existente de experiencias inmersivas y tecnológicas de la propiedad.
Armada Hoffler (NYSE: AHH)는 애틀랜타 웨스트 미드타운에 위치한 복합 개발 프로젝트인 The Interlock에서 F1® Arcade와 중요한 임대 계약을 체결했습니다. 포뮬러 1 테마의 엔터테인먼트 공간은 15,000 제곱피트 이상의 공간을 차지하게 되어, 해당 부동산의 소매 임대 점유율을 99%로 끌어올립니다.
F1® Arcade는 최첨단 레이싱 시뮬레이터, 엔터테인먼트 및 다이닝 옵션을 제공하며, 세계 각국의 요리와 독특한 바에서 제공되는 칵테일, 와인, 모크테일을 포함합니다. 이 장소는 보스턴과 워싱턴 D.C.에서 성공적인 운영을 이어온 후 F1® Arcade의 남부로의 확장을 의미합니다.
The Interlock은 현대적인 사무실 및 소매 공간, 건축 디자인 및 주요 위치로 유명하며, 애틀랜타 웨스트 미드타운 지역의 주요 목적지로 자리 잡고 있습니다. F1® Arcade의 추가는 부동산의 기존 기술 집약적이고 몰입감 있는 경험 포트폴리오를 강화합니다.
Armada Hoffler (NYSE: AHH) a sécurisé un contrat de location important avec F1® Arcade au The Interlock, leur développement à usage mixte à West Midtown, Atlanta. Le lieu de divertissement sur le thème de la Formule 1 occupera plus de 15 000 pieds carrés d'espace, portant l'occupation totale des locaux commerciaux de la propriété à 99%.
F1® Arcade proposera des simulateurs de course à la pointe de la technologie, des options de divertissement et de restauration, y compris des plats inspirés du monde entier et un bar distinctif servant des cocktails, des vins et des mocktails. Cet emplacement marque l'expansion de F1® Arcade dans le Sud, après des opérations réussies à Boston et à Washington D.C.
The Interlock, connu pour ses espaces de bureaux et de vente au détail modernes, son design architectural et son emplacement privilégié, continue de s'établir comme une destination de premier plan dans la région de West Midtown à Atlanta. L'ajout de F1® Arcade enrichit le portefeuille existant de la propriété d'expériences immersives et technologiques.
Armada Hoffler (NYSE: AHH) hat einen bedeutenden Mietvertrag mit F1® Arcade im The Interlock, ihrem gemischt genutzten Entwicklungsprojekt in West Midtown, Atlanta, gesichert. Die Formel 1-themed Unterhaltungseinrichtung wird über 15.000 Quadratfuß Fläche einnehmen und die Gesamtmietauslastung der Einzelhandelsflächen auf 99% bringen.
F1® Arcade wird modernste Rennsimulatoren, Unterhaltung und Gastronomie anbieten, darunter weltweit inspirierte Gerichte und eine besondere Bar, die Cocktails, Weine und Mocktails serviert. Dieser Standort markiert die Expansion von F1® Arcade in den Süden, nach erfolgreichen Betrieben in Boston und Washington D.C.
The Interlock, bekannt für seine modernen Büro- und Einzelhandelsflächen, das architektonische Design und die erstklassige Lage, etabliert sich weiterhin als ein erstklassiges Ziel im West Midtown-Bereich von Atlanta. Die Hinzufügung von F1® Arcade bereichert das bestehende Portfolio der Immobilie mit technologieintensiven, immersiven Erlebnissen.
- Achieved 99% retail leased occupancy at The Interlock
- Secured premium tenant F1 Arcade for 15,000+ sq ft space
- Enhanced property value with unique entertainment destination
- None.
Insights
Armada Hoffler's lease completion with F1 Arcade represents a strategic win for the REIT's retail portfolio. Securing this high-profile tenant for 15,000+ square feet at The Interlock has pushed retail leased occupancy to an impressive
This transaction strengthens Armada Hoffler's position in the competitive Atlanta market through several mechanisms. First, F1 Arcade brings a differentiated, experiential retail concept that drives foot traffic and extends visitor dwell time. These immersive entertainment venues typically generate higher revenue per square foot compared to traditional retail while offering resistance to e-commerce pressures.
The
For REITs like Armada Hoffler, securing long-term leases with destination retailers provides predictable cash flow and helps maintain consistent dividend payments to shareholders. While financial terms weren't disclosed, F1 Arcade's upscale dining component suggests a tenant capable of sustaining premium lease rates, potentially enhancing the property's NOI (Net Operating Income).
F1® Arcade to occupy over 15,000 square feet at the premier mixed-use community in West Midtown, Atlanta
VIRGINIA BEACH, Va., March 10, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that F1® Arcade, the world’s first Formula1® hospitality brand, has signed a lease for over 15,000 square feet of space at The Interlock, the dynamic mixed-use development located in the heart of West Midtown, Atlanta, bringing the total retail leased occupancy to
The new F1® Arcade location will bring an exciting and immersive entertainment experience to The Interlock, further enhancing the property's reputation as a premier destination for both West Midtown residents and visitors. F1® Arcade offers an interactive, Formula 1-inspired experience with state-of-the-art simulators, high-energy entertainment, and dining options, creating a unique social environment that will appeal to a wide range of customers.
“We are thrilled to welcome F1® Arcade to The Interlock,” said Shawn Tibbetts, Chief Executive Officer and President at Armada Hoffler. “F1® Arcade is unique to the market and complements our existing line-up of tech-infused, immersive experiences. The Interlock will continue to be a top destination in Atlanta.”
The Interlock is a premier mixed-use development that combines modern office and retail spaces. Known for its architectural design, vibrant amenities, and prime location, The Interlock is quickly becoming one of the most sought-after destinations in West Midtown, Atlanta. The addition of F1® Arcade further solidifies The Interlock's position as a key player in the city's evolving landscape.
In addition to the high-speed racing concept, guests at F1 Arcade can also enjoy an exceptional menu, which features a mouthwatering range of globally inspired dishes, from sharing dishes like Wagyu Beef Sliders, Ahi Tuna Tostadas, to show-stopping Seafood Towers. The venue will also showcase F1 Arcade’s distinctive bar, creating a focal point for the room, and serving a wide range of drinks, from handcrafted signature cocktails and fine wines to craft beers and ciders. F1 Arcade will also serve their ‘Designated Drivers’ mocktails, full of flavor without the alcohol.
“We are excited to announce our expansion into the South as we bring our adrenaline-packed experience to Atlanta following our success in Boston and Washington D.C. Known for its rich sports and food scene, Atlanta is a perfect fit for the next phase of F1 Arcade's growth,” said Liz Norris, Launch Lead at F1 Arcade. “Southern fans will be able to put their racing skills to the test on the world’s most iconic tracks, while enjoying top-tier food and drinks in a thrilling atmosphere.”
Drew Lewis and Alan Shaw of The Shopping Center Group represented Armada Hoffler in the transaction. Robert Johnson with Emerging Concepts represented the tenant in the transaction.
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
FAQ
What is the new retail occupancy rate at The Interlock after F1 Arcade's lease with AHH?
How large is the F1 Arcade space at AHH's The Interlock development?
What dining options will F1 Arcade offer at The Interlock location?
Which cities does F1 Arcade operate in besides the new Atlanta location?
