Wayfair Inc Secures 150000 SF Lease At The District At Howell Mill In Atlanta
1801 Howell Mill Road Northwest
Building Size
150,000 SF
Asset Type
Retail
Closing
Mar 18, 2025
AI
The property asset involved in this transaction is located at 1801 Howell Mill Road Northwest, Atlanta, GA. It features a retail space with a total square footage of 150,000. The landlord for this lease is LaSalle Investment Management, while the tenant is Wayfair Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1801 Howell Mill Road Northwest
- Market: Atlanta, GA
- Lease Date: 03/18/2025
- Square Footage: 150,000
- Landlord: LaSalle Investment Management
- Tenant: Wayfair Inc
- Broker Representatives: Benton Green & Fraser Gough - Retail Planning Corp
This transaction marks a significant development as Wayfair Inc. has secured the lease for its second large-format retail location, following the establishment of its first store in Wilmette, Illinois, which opened in May 2024. The new store is planned to be operational in 2026 at The District at Howell Mill.
Players
Atlanta Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93