Armada Hoffler Completes Impactful Lease With F1® Arcade at The Interlock
Rhea-AI Summary
Armada Hoffler (NYSE: AHH) has secured a significant lease with F1® Arcade at The Interlock, their mixed-use development in West Midtown, Atlanta. The Formula 1-themed entertainment venue will occupy over 15,000 square feet of space, bringing the property's total retail leased occupancy to 99%.
F1® Arcade will offer state-of-the-art racing simulators, entertainment, and dining options, including globally inspired dishes and a distinctive bar serving cocktails, wines, and mocktails. This location marks F1® Arcade's expansion into the South, following successful operations in Boston and Washington D.C.
The Interlock, known for its modern office and retail spaces, architectural design, and prime location, continues to establish itself as a premier destination in Atlanta's West Midtown area. The addition of F1® Arcade enhances the property's existing portfolio of tech-infused, immersive experiences.
Positive
- Achieved 99% retail leased occupancy at The Interlock
- Secured premium tenant F1 Arcade for 15,000+ sq ft space
- Enhanced property value with unique entertainment destination
Negative
- None.
News Market Reaction
On the day this news was published, AHH declined 1.91%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
F1® Arcade to occupy over 15,000 square feet at the premier mixed-use community in West Midtown, Atlanta
VIRGINIA BEACH, Va., March 10, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) announced that F1® Arcade, the world’s first Formula1® hospitality brand, has signed a lease for over 15,000 square feet of space at The Interlock, the dynamic mixed-use development located in the heart of West Midtown, Atlanta, bringing the total retail leased occupancy to
The new F1® Arcade location will bring an exciting and immersive entertainment experience to The Interlock, further enhancing the property's reputation as a premier destination for both West Midtown residents and visitors. F1® Arcade offers an interactive, Formula 1-inspired experience with state-of-the-art simulators, high-energy entertainment, and dining options, creating a unique social environment that will appeal to a wide range of customers.
“We are thrilled to welcome F1® Arcade to The Interlock,” said Shawn Tibbetts, Chief Executive Officer and President at Armada Hoffler. “F1® Arcade is unique to the market and complements our existing line-up of tech-infused, immersive experiences. The Interlock will continue to be a top destination in Atlanta.”
The Interlock is a premier mixed-use development that combines modern office and retail spaces. Known for its architectural design, vibrant amenities, and prime location, The Interlock is quickly becoming one of the most sought-after destinations in West Midtown, Atlanta. The addition of F1® Arcade further solidifies The Interlock's position as a key player in the city's evolving landscape.
In addition to the high-speed racing concept, guests at F1 Arcade can also enjoy an exceptional menu, which features a mouthwatering range of globally inspired dishes, from sharing dishes like Wagyu Beef Sliders, Ahi Tuna Tostadas, to show-stopping Seafood Towers. The venue will also showcase F1 Arcade’s distinctive bar, creating a focal point for the room, and serving a wide range of drinks, from handcrafted signature cocktails and fine wines to craft beers and ciders. F1 Arcade will also serve their ‘Designated Drivers’ mocktails, full of flavor without the alcohol.
“We are excited to announce our expansion into the South as we bring our adrenaline-packed experience to Atlanta following our success in Boston and Washington D.C. Known for its rich sports and food scene, Atlanta is a perfect fit for the next phase of F1 Arcade's growth,” said Liz Norris, Launch Lead at F1 Arcade. “Southern fans will be able to put their racing skills to the test on the world’s most iconic tracks, while enjoying top-tier food and drinks in a thrilling atmosphere.”
Drew Lewis and Alan Shaw of The Shopping Center Group represented Armada Hoffler in the transaction. Robert Johnson with Emerging Concepts represented the tenant in the transaction.
About Armada Hoffler
Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. We also provide general construction and development services to third-party clients, in addition to developing and building properties to be placed in our stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information visit ArmadaHoffler.com.
Contact:
Chelsea Forrest
Armada Hoffler
Vice President of Corporate Communications and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 612-4248
FAQ
What is the new retail occupancy rate at The Interlock after F1 Arcade's lease with AHH?
How large is the F1 Arcade space at AHH's The Interlock development?
What dining options will F1 Arcade offer at The Interlock location?
Which cities does F1 Arcade operate in besides the new Atlanta location?
