Defoor Hills is an adaptive reuse, creative office located in Atlanta, which is 100% leased to three tenants with a weighted remaining lease term of 11 years. The property is located in the West Midtown submarket of downtown Atlanta, whose growth is being driven by creative and technology tenants and a live/work/play environment.
Originally a warehouse built in the 1970’s, the property was recently redeveloped into a modern office, featuring open truss ceilings with exposed steel beams, oversized windows, reclaimed wood, and concrete floors. Defoor Hills is a prime example of creative office space. Creative office spaces appeal to companies who are seeking a differentiated means of recruiting talent, particularly younger professionals, in a competitive marketplace. Through their physical space companies have the ability to project their brand authenticity in a manner that is either unavailable or too expensive in a conventional office. In addition, Defoor Hills is located in an emerging submarket of Atlanta, which continues to draw TAMI and STEM talent from Georgia Tech.
The way people work has changed and modern workspace needs to reflect that. Between its creative buildout and its emerging location, this property is well suited to meet the demands of tomorrow’s world.
The global headquarters of 15 Fortune 500 companies are in Atlanta, including Coca-Cola, The Home Depot, and Delta Air Lines.
Emory University and Georgia Tech comprise more than 41,000 undergraduate and graduate students, giving a large student presence in Atlanta.
NCR Corp. recently moved its global headquarters to Atlanta to a two-tower campus that is 750,000 sq. ft. and can employ 5,000 people.
High-tech employment in Atlanta grew at least 3% per year from 2011-2016.
38% of the population has achieved a bachelor’s, graduate, or professional degree.
Hartsfield-Jackson Atlanta International Airport has served more than 100 million passengers per year since 2015.