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Bridger Properties recently announced that it acquired the Marietta Station properties in downtown Marietta, in a joint venture with Chicago-based Northpond Partners.
Located just steps from Marietta Square, Marietta Station is comprised of several historic office and retail buildings, totaling approximately 97,000 square feet, and includes the Marietta Square Market Food Hall building and surrounding parking lots.
“We are thrilled to have the opportunity to acquire these landmark properties,” said Bridger Co-Founder and Principal Jack Arnold in a press release. “Marietta is a beautiful and historic city, with a great growth story. Marietta Station is an integral part of vibrant Downtown Marietta. We look to honor the legacy and character of the project while finding interesting ways to further activate it.”
The new owners believe there is still “an opportunity to further evolve the project and contribute to the progression of Downtown Marietta,” said Merritt Lancaster, Co-Founder and Principal at Bridger, joining Marietta Station’s “successful food hall, activated loft office, and notable street-front retail.”
While a spokesperson for the joint venture did not outline the new owners’ plans for Marrieta Station, they said it will be positioned for “activation.” The sales price was also not disclosed.
“Marietta Station fits in perfectly with our portfolio of historic mixed-use properties,” said Sam Ankin, Managing Principal of Northpond Partners. “We have a strong track record of managing interesting investments like this one. We’ve been targeting similar high-growth southeastern markets. We partner with only best-in-class operators and are doing so again for this one with Bridger, and in a city as vibrant as Marietta. We’re excited to be a part of the team.”