ATLANTA—Origin Investments acquired Ellsworth, a three-building, 90,817-square-foot creative, loft-style office complex. Origin acquired the office asset from Stream Realty Partners in a $22.9 million transaction brokered by Kennedy Hicks of Eastdil Secured.
The office property located at 1510 Ellsworth Industrial Boulevard. Ellsworth was 70% leased to a diverse mix of tenants representing industries ranging from legal, marketing, architectural and design to apparel.
“Through our current ownership in the dynamic West Midtown submarket, we have been able to observe the substantial tenant demand that exists for unique space environments in assets like Ellsworth,” David Welk, managing director of acquisitions at Origin, tells GlobeSt.com. “With a catalytic brand-amenity in Bacchanalia and strong anchors such as the Athlete's Foot and law firm Lazega & Johanson, we look forward to building on the strong foundation that has been established and completing the lease-up of the remaining vacancy with other strategic tenants.”
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