Allen Morris On Real Estate

Allen Morris Closes $100MM Construction Loan for Star Metals Offices in West Midtown, Atlanta

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West Midtown’s definitive urban destination 

The Allen Morris Company, one of the largest diversified real estate firms in the southeast, today announced that it has closed a $100 million construction loan for Star Metals Offices, the office component of the highly-anticipated $330 million mixed-use Star Metals Atlanta, in West Midtown.

 

Barings and Bank OZK provided $100 million in financing on the 267,000 square feet building. The equity was provided by MBR, LLC an affiliate of The Allen Morris Company and ICM Asset Management, Inc. of Calgary.

 

“This is our 84th development and our 22nd project in Georgia. Star Metals Offices is intended to shatter the paradigm with the most innovative, creative attractive work environment in Atlanta.  It’s definitely not your grandfather’s office building. We are attracting the most innovative, disruptive companies that want to recruit and retain the top creative, tech-savvy workforce in the City. For a CEO or CFO, it is a smart strategic move that will set their company apart from the pack,” states W. Allen Morris, Chairman and CEO of The Allen Morris Company.

 

The 14-story, Class ‘A’ LEED certified office tower totals approximately 267,000 square feet and will include approximately 40,000 square feet of retail and restaurants. Located at 1055 Howell Mill Road, Star Metals Offices is part of the comprehensive $330 Million Star Metals Atlanta development, inclusive of the 9-story 409-unit Star Metals Residences located at 1050 Howell Mill Road, as well as commercial, hotel, entertainment and F&B components.

 

Designed by award-winning and internationally-respected design architect Chad Oppenheim of Oppenheim Architecture and Warner Summers Architecture firm, Star Metals Offices offers a confluence of modern luxury and contemporary amenities including 35,000 square feet of high ceiling retail on the ground floor and a 5,000 square foot roof top restaurant / bar, providing the ideal mix of food, beverage, entertainment and exercise options for tenants, Platinum Wired Certification, five levels of parking, along with an array of tenant amenities. The office amenities will include lushly landscaped outdoor terraces, multiple tenant collaboration areas, a fitness center and bike storage/shower facilities and locker rooms.  The roof top restaurant / bar will provide a unique ‘glass house’ rooftop amenity with panoramic views of Buckhead, Midtown and Downtown.

 

Enhancing the West Midtown community while honoring the historical composition and materials of the old rail yards for which West Midtown is known for, Star Metals Offices will be The Allen Morris Company’s 84th successful development. To date, Star Metals Offices has been 25 percent preleased to Spaces, a leading co-working group.

 

Star Metals Offices is slated for delivery in Fall of 2020.

 

For more information, please visit, http://www.allenmorris.com/.

 

About The Allen Morris Company:

The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial, multi-family residential, hospitality and mixed-use developments, leasing and brokerage as well as property management. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for 61 years. For more information, please visit www.allenmorris.com., or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.

 

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