Jamestown Explores Sale of Southern Dairies Office Campus

Jamestown is exploring a sale of Southern Dairies, an 80,000 square foot creative office campus at 621 North Avenue NE in Old Fourth Ward, according to a September 2026 SEC filing. The process is expected to run six to 12 months. The two-story complex spans 4.1 acres across five buildings, directly across North Avenue from Ponce City Market.

Built in 1935 as a dairy and ice cream production and distribution facility, the property was converted to loft office space in the late 1990s and listed on the National Register of Historic Places in August 2002. Jamestown paid approximately $34.5 million for the campus in October 2019. Fulton County appraised it at $12.6 million in 2026.

The complex is nearly fully leased. Tenants include Live Nation, Hothouse, Keller Williams, and McManamy, McLeod, Heller. CBRE handles leasing, with Kyle Kenyon as Senior Vice President. Amenities include access to the Ponce City Market campus, a PCM shuttle, a rooftop deck, on-site fitness classes, and a mobile concierge.

Jamestown modified its $25.4 million loan on the property in March 2025, extending maturity to March 2027. The firm suspended quarterly redemptions in Q2 2026 after debt payments strained cash flow, with investors seeking roughly $446,000. A Jamestown spokesperson noted the site offers potential for further densification.