Armada Hoffler Purchases Full Interest In Southern Post

Roswell GA

30 October, 2020

10:05 AM

Description

Armada Hoffler Properties, Inc.(NYSE: AHH) announced today they reached an agreement with S.J. Collins Enterprisesand purchased their interest to fully control the development of the mixed-use property, Southern Post. Armada Hoffler Properties has been involved in the project since its inception and will continue to work closely with the city of Roswell throughout the remainder of the project. The company has a long-standing history with mixed-use developments and extensive experience throughout the country partnering with municipalities to create value for communities. Southern Post, Roswell’s newest destination, continues to gain interest throughout the pre-leasing effort. Planned tenants include local favorites, PONKO Chicken and Da Vinci’s Donuts. The community, slated to commence development in spring 2021 and located off Alpharetta Highway with access to Frazier Street, offers a dynamic mix of retail shops, loft-style office space, restaurants and carefully curated residences. “Southern Post will serve as a continuation of the growth in downtown Roswell and the next step for revitalizing the area,” said Louis Haddad, President & CEO of Armada Hoffler Properties. “We intend to deliver on the vision created in partnership with S.J. Collins Enterprises and believe that this project brings significant value as it aligns with our mixed-use capabilities, fitting well within our portfolio for long term hold. We remain excited to be a part of Roswell and are eager to expand our presence in the market.” The project vision is for the lifestyle community to be a meeting point for the city while paying homage to Roswell’s historical charm. Southern Post will offer a new wave of desired open-concept office space, outdoor gathering spaces, and walkability for the Roswell community. The mixed-use development will offer 40,000 square feet of retail space, 90,000 square feet of loft style, open-concept office space, 128 luxury apartments and an exclusive offering of 10 high-end townhomes with garages. “The Armada Hoffler Properties team has worked closely with us on Southern Post from the initial site plan through the architectural design and review with the Roswell Historic Preservation Commission," said Jeff Garrison, partner at S.J. Collins Enterprises. “They understand the vision of city and community leaders for this important project, and we’re confident that as we finish up final design elements and some exciting leasing details, they will move Southern Post forward to create a lively and transformative destination for the residents of Roswell.” Armada Hoffler Properties and S.J. Collins Enterprises have a continued partnership on several other projects throughout the country and in Atlanta. Retail and office space are available for lease. For more information on leasing, visit https://southernpostroswell.com/. About Armada Hoffler Properties, Inc. Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com.