Electric vehicle manufacturer Rivian is making a significant move by establishing its East Coast headquarters at the Junction Krog District in Atlanta’s Eastside.
The company announced that it will occupy the top floor and lobby space of the 135,000-square-foot office building, which is situated along Auburn Avenue and the Eastside BeltLine Trail.
Rivian’s plans for the space include eventually employing 500 workers, showcasing its growth aspirations in the region.
The lease for the office encompasses 45,000 square feet and includes prominent signage atop the building, as reported by The Atlanta Journal-Constitution.
In the announcement, Rivian stated, “We will begin hiring for this office later this year and plan to share more information on hiring and career opportunities soon.”
The new office is intended to act as an urban hub for Rivian’s state-of-the-art manufacturing facility that is being built just outside of Atlanta in Social Circle.
After previously halting construction of the expansive 9 million-square-foot facility last year, Rivian secured a $6.6 billion loan from the U.S. Department of Energy under the Biden administration, allowing the development to resume on the 2,000-acre site that spans Morgan and Walton counties.
The plant is projected to produce 400,000 units annually of Rivian’s R2 midsize SUV and the R3/R3X midsize crossover vehicles while generating 7,500 job opportunities in the area.
In other leasing news, the Metro Atlanta Chamber renewed its lease of 25,000 square feet at 191 Peachtree Tower for an additional 12 years.
This renewal follows Banyan Street Capital’s commitment to invest $4.5 million in renovations for the atrium, lobby, and other areas of the 50-story building located in Downtown Atlanta.
Real estate firm JLL facilitated the deal for the chamber, according to The Atlanta Business Chronicle.
Development activity continues as Portman Holdings plans to break ground this month on Meadow Glen Village, a new mid-rise apartment project in Fairburn that will feature 332 units.
The development will include 6,000 square feet of retail space surrounding a public green area.
This move towards suburban apartment developments marks a shift in strategy for Portman, which has traditionally focused on urban infill projects.
Managing Director Harvey Wadsworth expressed that the firm is increasingly looking to suburban opportunities.
Meanwhile, bakery giant King’s Hawaiian is committing $54 million to expand its manufacturing operation located in the Oakwood South Industrial Park.
Georgia Governor Brian Kemp announced that the funding will allow for the installation of a new production line designated for additional flavors of King’s Hawaiian Pretzel Bites, with operations set to commence in the second quarter of 2026 and the creation of 135 new jobs.
The Georgia Department of Economic Development’s Brandon Lounsbury played a crucial role in negotiating state incentives for the project.
In financing news, CCI Real Estate secured a $67 million construction loan intended for redeveloping a building at the University of Georgia in Athens.
The project, dubbed 290 Lumpkin, will transform the Baptist Collegiate Ministries building into a mixed-use development comprising 243 one- and two-bedroom apartments, a parking deck accommodating 356 cars, residential lounges, and new spaces for ministry and offices.
New South Construction has been appointed as the general contractor for this substantial project, which is expected to be completed by the summer of 2027.
Additionally, Lightstone Capital extended an $8.5 million loan to Green Dock Partners for the acquisition of a 207,000-square-foot industrial building located at 3200 Lakewood Ave. in Atlanta.
The total purchase price remains undisclosed, and as of press time, Fulton County had not recorded the sales data.
In real estate transactions, RSN Property Group and Monday Properties have acquired Audubon Crest, a 126-unit garden-style apartment complex in Oakwood.
The complex, now rebranded as Alessia Gardens, is located approximately 50 miles northeast of Downtown Atlanta and was previously owned by Florida-based Oakwood 101 GA LLC, who purchased it in 2020 for $14.2 million.
Lastly, Crow Holdings has purchased 35 acres from Artisan Land Cos. at the Artisan Crossing master-planned industrial park.
Plans for the site include the construction of a 425,000-square-foot cross-dock warehouse facility, as Artisan continues to own and market the remaining five acres for retail users.
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