
Armada Hoffler Acquires Phase One of The Interlock in Atlanta for $215 Million
Armada Hoffler acquired The Interlock’s Phase One office and retail components for $215 million from SJC Ventures. The off-market transaction for the mixed-use 9-acre development in West Midtown is expected to close this quarter. The deal included $100 million in fixed-rate financing and the conversion of Armada Hoffler’s existing mezzanine loan to equity, plus limited partnership interest.
Armada Hoffler was the general contractor for Phase One, which opened in 2021 at 1115 Howell Mill Road NW. The $750 million project consists of 311,000 square feet of office and retail space, an 835-space garage, a hotel, and residential space. The commercial space was 89 percent leased at the time of sale
SJC is still working on Phase Two, which is expected to be completed in 2024. It includes 186,000 square feet of office space, 92,000 square feet of retail space, and a 682-bed student housing tower.