Armada Hoffler Finalizes the $215 Million Acquisition of The Interlock in Atlanta’s West Midtown
Retrieved on:
Monday, May 22, 2023
VIRGINIA BEACH, Va., May 22, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) completed the previously announced $215 million addition to its greater Atlanta portfolio by closing the purchase of a Class A commercial mixed use development at The Interlock in West Midtown.
Key Points:
- VIRGINIA BEACH, Va., May 22, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) completed the previously announced $215 million addition to its greater Atlanta portfolio by closing the purchase of a Class A commercial mixed use development at The Interlock in West Midtown.
- “We are thrilled to complete this transaction, which is immediately accretive, reinforcing our core focus on prime mixed-use real estate,” said Louis Haddad, President and CEO of Armada Hoffler.
- Georgia Advanced Technology Ventures, a cooperative non-profit organization of Georgia Tech, further enhances The Interlock with its 50,000-square-foot anchor tenancy.
- The Interlock is home to the Institute’s Encore operation, which is an extension of their Advanced Technology Development Center (ATDC).