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Bluelofts, Wolfe Investments Purchase “The Grant” in Atlanta for Conversion to Multifamily
Bluelofts and Wolfe Investments have purchased “The Grant,” a 125,000-square-foot mixed-use building located at 44 Broad St. NW in Downtown Atlanta. The 1898-constructed property is the second oldest steel frame structure in Atlanta.
Helen Zaver of Colliers represented the seller, Grant Building OPF, LLC, and sourced the JV buyer. UC Funds is the primary lender for the new borrower.
Bluelofts, a Dallas, TX-based real estate company that specializes in office-to-multifamily conversions will collaborate with Wolfe Investments to transform the 10-story plus single-level basement building from an office space into multifamily dwellings.
“By reinventing old buildings, we can honor the past while transforming it into something new – preserving our shared legacy for generations to come,” said John Williams, co-founder of Bluelofts.
Upon completion, this mixed-use project will be 100% leased under a master lease to national apartment-hotel operator Sonder, according to Dan Palmier, president and CEO of UC Funds.
- ◦Sale/Acquisition
