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1 Baltimore Pl NWAtlanta, GA 30308
Baltimore Block
Asset ClassOffice, Mixed Use
overview of deal

Overview

Franklin Street is pleased to present Baltimore Block, a 121,915 RSF mixed-use office and residential asset located in Atlanta’s Midtown submarket within the emerging SoNo district. Blending historic architecture with modern functionality, the property offers nearly 97,000 RSF of office space serving medical and traditional users, along with 15 high-end residential units totaling approximately 24,800 RSF under a master lease structure.

 

Originally developed in the late 19th century and thoughtfully redeveloped over time, the asset combines preserved brick rowhouse character with updated building systems and a multi-level atrium office expansion. Positioned adjacent to Emory University Hospital Midtown, Baltimore Block benefits from strong healthcare-driven demand, stable occupancy, and long-term leasing performance. As investment activity continues to expand northward, the property is well positioned to capitalize on SoNo’s growing connectivity, institutional presence, and urban momentum.

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Investment Highlights

  • 86% Leased Mixed-Use Asset 121,915 RSF comprising approximately 97,000 RSF of office and 24,800 RSF of residential under a master lease structure.
  • Medical-Anchored Rent Roll Significant healthcare tenancy led by Emory Healthcare, reinforcing stability and recession resilience.
  • Immediate Proximity to Emory University Hospital Midtown Direct adjacency to a major regional medical institution driving consistent tenant demand and long-term occupancy.
  • Historic Character with Modern Upgrades Originally developed in 1885 and adaptively reused with major capital improvements completed in 2017.
  • Diverse Tenant Base with Lease Stability Blend of medical and professional office users with multi-year commitments and demonstrated tenant longevity.
  • Structured Parking & Development Optionality 187 structured parking spaces plus a 0.94-acre parcel offering future development potential.
  • Strategic SoNo Location Positioned between Midtown and Downtown, benefiting from expanding institutional investment and infrastructure initiatives.
  • Midtown Residential Demand Drivers 15 upper-level residential units supported by job growth, university expansion, and strong average market rents.
  • Projected NOI Growth Five-year forecasted NOI growth driven by contractual rent steps and lease-up assumptions.
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1 Baltimore Pl NWAtlanta, GA 30308

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