Armada Hoffler Executes Lease with The Gathering Spot at the Interlock in Atlanta
Armada Hoffler (AHH) has secured a significant new lease at The Interlock, its mixed-use development in Atlanta's West Midtown. The Gathering Spot, a membership-only hub for creative professionals, has leased a total of 58,000 square feet, comprising 38,000 square feet of rooftop space and 20,000 square feet for their headquarters.
The Interlock, completed in 2021, is a public-private partnership with Georgia Tech featuring 203,000 square feet of office space, 108,000 square feet of retail space, and a 161-room boutique hotel. The Gathering Spot, founded in 2016 and recognized as the largest Black-owned community in the U.S., will offer members access to two full-service restaurants, flexible workspaces, skill workshops, culture talks, and a rooftop pool with Midtown views.
Armada Hoffler (AHH) ha ottenuto un'importante nuova locazione presso The Interlock, il suo sviluppo a uso misto a West Midtown, Atlanta. The Gathering Spot, un hub riservato ai membri per professionisti creativi, ha affittato un totale di 58.000 piedi quadrati, di cui 38.000 piedi quadrati di spazio sul tetto e 20.000 piedi quadrati per il loro quartier generale.
The Interlock, completato nel 2021, è una partnership pubblico-privata con il Georgia Tech e comprende 203.000 piedi quadrati di spazio ufficio, 108.000 piedi quadrati di spazio commerciale e un boutique hotel con 161 camere. The Gathering Spot, fondato nel 2016 e riconosciuto come la più grande comunità di proprietà afroamericana negli Stati Uniti, offrirà ai membri accesso a due ristoranti full-service, spazi di lavoro flessibili, laboratori di abilità, dibattiti culturali e una piscina sul tetto con vista su Midtown.
Armada Hoffler (AHH) ha asegurado un nuevo y significativo contrato de arrendamiento en The Interlock, su desarrollo de uso mixto en West Midtown, Atlanta. The Gathering Spot, un centro exclusivo para miembros destinado a profesionales creativos, ha arrendado un total de 58,000 pies cuadrados, que incluyen 38,000 pies cuadrados de espacio en la azotea y 20,000 pies cuadrados para su sede.
The Interlock, que se completó en 2021, es una colaboración público-privada con Georgia Tech que cuenta con 203,000 pies cuadrados de espacio de oficinas, 108,000 pies cuadrados de espacio comercial y un hotel boutique de 161 habitaciones. The Gathering Spot, fundado en 2016 y reconocido como la comunidad afroamericana más grande de EE.UU., ofrecerá a sus miembros acceso a dos restaurantes de servicio completo, espacios de trabajo flexibles, talleres de habilidades, charlas culturales y una piscina en la azotea con vistas a Midtown.
Armada Hoffler (AHH)는 애틀랜타의 웨스트 미드타운에 위치한 혼합 용도 개발인 The Interlock에서 중요한 신규 임대 계약을 확보했습니다. The Gathering Spot은 창의적인 전문가를 위한 멤버십 전용 허브로, 58,000평방피트의 공간을 임대하며, 그 중 38,000평방피트는 옥상 공간이고 20,000평방피트는 본사로 사용됩니다.
The Interlock는 2021년에 완공되었으며, Georgia Tech와의 공공-민간 파트너십으로, 203,000평방피트의 사무실 공간, 108,000평방피트의 소매 공간 및 161객실의 부티크 호텔이 포함됩니다. 2016년에 설립된 The Gathering Spot는 미국 최대의 흑인 소유 커뮤니티로 인식되어 있으며, 회원들에게 두 개의 풀 서비스 레스토랑, 유연한 근무 공간, 기술 워크숍, 문화 강연 및 미드타운 전망을 갖춘 옥상 수영장에 대한 접근을 제공합니다.
Armada Hoffler (AHH) a obtenu un bail important au The Interlock, son développement à usage mixte dans le West Midtown d'Atlanta. The Gathering Spot, un espace réservé aux membres pour les professionnels créatifs, a loué un total de 58 000 pieds carrés, comprenant 38 000 pieds carrés d'espace sur le toit et 20 000 pieds carrés pour son siège social.
The Interlock, achevé en 2021, est un partenariat public-privé avec Georgia Tech, comprenant 203 000 pieds carrés d'espace de bureau, 108 000 pieds carrés d'espace commercial et un hôtel-boutique de 161 chambres. The Gathering Spot, fondé en 2016 et reconnu comme la plus grande communauté afro-américaine aux États-Unis, offrira à ses membres l'accès à deux restaurants à service complet, des espaces de travail flexibles, des ateliers de compétences, des discussions culturelles et une piscine sur le toit avec vue sur Midtown.
Armada Hoffler (AHH) hat einen bedeutenden neuen Mietvertrag im The Interlock gesichert, einem gemischt genutzten Entwicklungsprojekt im West Midtown von Atlanta. The Gathering Spot, ein Mitgliedszentrum für kreative Fachleute, hat insgesamt 58.000 Quadratfuß gemietet, darunter 38.000 Quadratfuß Dachfläche und 20.000 Quadratfuß für ihren Hauptsitz.
The Interlock, das 2021 fertiggestellt wurde, ist eine öffentlich-private Partnerschaft mit Georgia Tech und bietet 203.000 Quadratfuß Bürofläche, 108.000 Quadratfuß Einzelhandelsfläche und ein Boutique-Hotel mit 161 Zimmern. The Gathering Spot, gegründet im Jahr 2016 und anerkannt als die größte von Schwarzen geführte Gemeinschaft in den USA, wird seinen Mitgliedern Zugang zu zwei Full-Service-Restaurants, flexiblen Arbeitsbereichen, Fähigkeiten-Workshops, Kulturausstellungen und einem Dachpool mit Aussicht auf Midtown bieten.
- Secured large lease agreement for 58,000 square feet at The Interlock
- Quick filling of vacant space demonstrates strong portfolio performance
- Strategic location in Atlanta's tech hub enhances property value
- None.
Insights
The execution of this significant lease agreement marks a strategic win for Armada Hoffler, demonstrating several key strengths in their portfolio management and market positioning:
- The rapid lease-up of 58,000 square feet of combined space signals robust demand for premium mixed-use properties in Atlanta's tech corridor, potentially supporting stronger rental rates and property valuations.
- Securing The Gathering Spot, a prestigious membership club with 12,000 members nationwide, adds a unique amenity that could drive increased foot traffic and create synergistic benefits for existing retail and hospitality tenants.
- The tenant's profile aligns perfectly with the property's positioning in Atlanta's tech hub, potentially attracting similar high-quality tenants and supporting long-term value appreciation.
- This lease significantly reduces vacancy risk at The Interlock, which features 203,000 square feet of office space and 108,000 square feet of retail space, strengthening the property's income stability.
The broader implications for Armada Hoffler's portfolio are substantial. This lease validates their mixed-use strategy and demonstrates their ability to attract premium tenants in competitive markets. The addition of The Gathering Spot's headquarters and private club concept could create a powerful anchor effect, potentially accelerating lease-up of remaining space and supporting higher rental rates across the property.
Addition of premier private club underscores significant tenant demand for mixed-use communities
VIRGINIA BEACH, Va., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler executed a large and impactful new lease at The Interlock, the Company’s mixed-use community located in Atlanta’s West Midtown. The Gathering Spot, a membership-only gathering hub for creative professionals, has leased 38,000 square feet on The Interlock’s rooftop and an additional 20,000 square feet of office space for their new headquarters.
“Our team was able to quickly fill vacant space at The Interlock, demonstrating the strength of our portfolio and continued demand we see for highly-amenitized well-located real estate, underscoring our mixed-use strategy,” said Shawn Tibbetts, CEO and President at Armada Hoffler. “In the heart of Atlanta’s tech hub, The Interlock provides the perfect location for The Gathering Spot’s next chapter. Members will enjoy being in the mixed-use community, with access to best-in-class entertainment, restaurants, and retail concepts as an added benefit to their memberships.”
Completed in 2021, The Interlock is a mixed-use public-private partnership with Georgia Tech in Atlanta’s West Midtown. The Interlock features 203,000 square feet of office space, 108,000 square feet of retail space and a 161-room boutique hotel. Major tenants at The Interlock include the nation’s first Puttshack, Georgia Tech, Bellyard Hotel, St. Germain French Bakery and Velvet Taco.
Founded in 2016 in Atlanta by Ryan Wilson and T’Keel “TK” Petersen, The Gathering Spot is a private club where creative thinkers from all industries and backgrounds can gather to discuss bold ideas, grow their business and expand personal relationships. The private club has expanded to Washington, D.C., Los Angeles and Houston with approximately 12,000 members nationwide. The Gathering Spot is the largest Black-owned community in the U.S.
“The Gathering Spot has always been a space where meaningful connections and bold ideas come to life,” said Ryan Wilson, Co-Founder and CEO of The Gathering Spot. “With The Retreat at The Gathering Spot, we’re expanding that vision—not only providing a dynamic environment for business meetings and networking but also creating a respite from the day-to-day. This space is designed for both productivity and relaxation, where members can seamlessly transition from closing deals to unwinding with friends, engaging in wellness experiences, and enjoying a social retreat that recharges and inspires.”
The new location will operate similarly to the original with membership perks including two full-service restaurants, flexible workspaces, skill workshops, culture talks and more. The Interlock location of The Gathering Spot will also now include the rooftop pool with far-reaching views of Midtown.
About Armada Hoffler
Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company 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
VP of Corp. Comms. and Investor Relations
Email: cforrest@armadahoffler.com
Phone: (757) 366-4000
FAQ
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