- Bill Herr
New Acquisition of Ellsworth Lofts
Ellsworth Lofts is a creative loft office property optimally located in Atlanta’s thriving West Midtown submarket. Delivered in 2016 and totaling 90,817 square feet, Ellsworth offers a highly desirable collaborative workplace environment designed for employee satisfaction with access to a wide array of on-site and nearby amenities. Georgia’s most-celebrated restaurant, Bacchanalia and Star Provisions Market & Café, is on the property and is being acquired in the transaction. In addition, Topgolf and the future Westside Belt Line Trail are directly accessible.
The property is 70% leased to a diverse mix of credit-worthy companies, providing excellent income stability. The property also offers substantial upside through lease-up of attractive available spaces, on-going densification, and nearby mixed-use developments.
Investors in Growth 2017 are participating in the fund that has acquired Ellsworth Lofts.