Atlanta-based property owner and management group The Simpson Organization has purchased historic Warehouse Row, a revitalized mixed-use property in downtown Chattanooga.
The Simpson Organization entered the Chattanooga market in 2007 with the purchase of the SunTrust Building at 736 Market St. just months after Atlanta-based real estate investment and management company Jamestown began a $20 million transformation of the century old Warehouse Row buildings at 1110 Market St.
In the last month, The Simpson Organization doubled down on its investment in Chattanooga with both the purchase of Warehouse Row and the groundbreaking for an apartment and retail complex at 728 Market St.
“Warehouse Row is at the heart of Chattanooga’s urban live, work and play lifestyle, and is a tremendous asset to both the city and our company,” said A. Boyd Simpson, president of The Simpson Organization. “The community of office tenants and expertly curated retail, restaurant, and service businesses adds value to the downtown experience. We will continue to build on that.”
Over the last decade, Warehouse Row has returned to a place of prominence among Chattanooga’s mixed-use retail and business concepts. The restored 19th century buildings house a mix of retail and dining establishments, including national retailers J.Crew and Anthropologie – the first major national retailers to move into Chattanooga’s downtown retail corridor in decades. A third national retailer, Lululemon Athletica, opened late last year.
Warehouse Row’s nine buildings consist of 260,295 square feet of street-level restaurants and boutique retail as well as upper-level creative lofts and office suites. The mixed-use Warehouse Row property is occupied by long-term tenants like Public House, REVIVAL, Amanda Pinson Jewelry, and Embellish, along with a number of recent retail and restaurant additions, including Woodhouse Day Spa, Two Ten Jack, and Onward Reserve. Office tenants, including Bellhops, Barge Waggoner Sumner, and Cannon and Stantec, have also expanded. Simpson said long-time Warehouse Row Property Manager Jen Mingola and her team will provide oversight at the property.
For more information, visit websites for The Simpson Organization (www.atlantaforlease.com) or Warehouse Row (www.warehouserow.com).
Source: The Simpson Organization