The Lumberyard Lofts
1425 Ellsworth Industrial Boulevard NW, Atlanta, GA 30318
Originally a single building developed for milling lumber, this property was creatively divided into 3 separate buildings in 2000 and now offers modern, attractive office space. Centered around an open courtyard and featuring an industrial loft atmosphere, this facility was a unique find in an area of booming development.
At the time of acquisition, 15% of the property had been vacant since the renovation. With extensive knowledge of the area, Epic Partners knew the potential was great. Situated beside the Atlanta BeltLine and within a mile of the Bellwood Quarry (approximately 40 acres and future site of the largest park in Atlanta), the area didn’t offer much office space.
After acquisition, Epic Partners worked diligently to expand existing tenants while also attracting new ones, and the building quickly reached full occupancy with a wide variety of technical and creative businesses. Even when the anchor tenant repositioned to a suburban setting after 10 years, Epic Partners was able to quickly lease the space. This property offers a number of strategic redevelopment opportunities for the future, including the eventual sale of individual units as office condominiums.
In May 2018, Epic Partners exited the property with an impressive IRR.
Project Details
- 68,000 RSF
- Creative/Loft Office
- Adaptive Reuse Project