Atlanta’s Stockyards Gains New Tenant
- Jun 06, 2017
Stockyards, an office-anchored mixed-use center located Atlanta, landed a 19,000-square-foot lease with the New York-based co-working provider Industrious. A joint venture between Federal Capital Partners and Westbridge Partners are developing the 142,500 square-foot adaptive reuse project, which will also include 10,000 square feet of restaurant space and 25,000 square feet of ground-level retail.
The co-working company will join Fitzgerald and Co. and Momentum Worldwide, both owned by InterPublic Group. At the time of the deal, the property was 75 percent pre-leased, with Phase I expected for completion later this summer. Stockyards is situated on a three-acre land parcel at 976 Brady Ave. in Atlanta’s West Midtown. Located on the rail lines, the area previously served as the central clearinghouse for livestock during the 1800s and into the 1900s. The building also incorporates two historic meat-packaging facilities built in the early 1900s. Upon completion, the project will include 400 parking stalls within a parking structure that will support convenient access from various entry points. Gay Construction is the general contractor for the project, which was designed by architectural firm ai3.
“As the area has seen a rise in larger square footage requirements from office tenants, Industrious will fill the gap (by) providing small offices and entrepreneurs office options that are not currently available,” Chris Faussemagne, principal at Westbridge Partners, said in prepared remarks.
Shaun Weinstock, owner of Weinstock Realty, acted on behalf of Industrious, while Cushman and Wakefield represented the joint venture.
Images courtesy of stockyardsatlanta.com