Cushman & Wakefield has arranged a 24,936-square-foot lease for Lion RE:Sources Inc. at Northyards Business Park, located at 384 Northyards Boulevard in Atlanta. Aileen Almassy of Cushman & Wakefield represented the landlord, MetLife Investment Management, in the transaction. Bill Kilborn of CBRE represented the tenant.
“As the region’s first office campus of its kind, Northyards offers tenants the standard for cutting edge space that has attracted many creative-class users,” Almassy said. “Its prime Downtown location offers proximity to Georgia Tech and the Westside, making it ideal for talent attraction and retention.”
Northyards is an innovation and office complex situated on the western edge of Downtown Atlanta. First developed in 1911, Northyards was home to Southern Railway Company’s Roundhouse and functioned as a location for the assembly and servicing of passenger trains. As the twentieth century progressed and the demand for railway passenger services fell, a compound of warehouses was built around the Roundhouse to serve the growing needs of the freight industry. Listed on the National Register of Historic Places, Northyards has preserved the character of the original buildings.
Northyards totals 276,532 square feet and was redeveloped in 2001. The 17-acre property features free parking, a food truck program, MARTA and Stinger bus stops, the Café at The Gathering Spot, and is fiber optimized. Additionally, the property is located in an Opportunity Zone, offering the maximum job tax credit allowed under law of $3,500 per job created, and the lowest threshold of a job tax credit program of two jobs.