ATR Corinth Partners, the developers behind the “reimagination” of Northlake Mall, Thursday announced Emory Healthcare as the property’s new anchor tenant, leasing 224,000 square feet of space.
Emory Healthcare’s initial plans include corporate administrative services.
“We’re excited to have such a well-regarded institution as our first anchor tenant for this project,” Tony Ruggeri, partner with Texas-based ATR, said in the announcement.
“Emory’s presence will add more day time traffic to an already vibrant residential community surrounding the project. It’s a winning formula to support retail and restaurants, which has worked for us in previous mall redevelopments.”
Emory will occupy the former Sears building and an additional portion of the 1 million-square-foot mall with an option for more space in the future.
“Northlake gives us the opportunity to centralize corporate support services in one location for more than 1,600 employees while providing the additional benefit of direct access to on-site amenities like restaurants and retail,” Mike Mason, Emory Healthcare vice president of operations,” said in the announcement.
“The property’s central location combined with easy highway and MARTA bus access, along with necessary parking also helped Emory Healthcare make the decision to lease with Northlake.”
ATR Corinth Partners purchased Northlake Mall in January 2016 from Washington Prime Group (formerly real estate trust company WP Glimcher).
“Our lease with Emory signifies the start of reimagining the former mall as ‘Northlake,’ a dynamic mixed-use development incorporating office, medical, retail and restaurants,” Frank Mihalopoulos, partner with ATR, said in the announcement.
“We want to provide retail and restaurant options, along with welcoming gathering spaces, to reconnect the community with Northlake as a place to spend time with family and friends.”
While additional leases are not being announced at this time, Northlake will see more office space, new retail and a mix of sit down, fast-casual and quick-service restaurant concepts.
Construction of the retail portion of the project is slated to begin in early 2020.
JCPenney and Macy’s will remain as anchor tenants and will be open during construction.