Published on October 28th, 2015 |0
Loudermilk Cos. part of investor group buying Aaron’s headquarters
investors that is purchasing the building, according to an Atlanta Business Chronicle report.
Loudermilk Cos, the president of which is Robin Loudermilk, s working on an agreement with real estate investment and development companies Knox Properties and Redan Group to buy the mid-rise Aaron’s headquarters, situated on the edge of the Buckhead Atlanta development.
The mid-rise Aaron’s headquarters at 309 East Paces Ferry Road has been a fixture in Buckhead since the 1960s. The Loudermilk Cos., led by former Aaron’s Inc. President Robin Loudermilk, would become the capital partner in the deal, according to the Business Chronicle.
Charlie Loudermilk, Robin’s father, founded Aaron’s in 1955, built the company into a rent-to-own giant, and along the way became one of the city’s most prominent businessmen and civic leaders. He started the Buckhead Coalition and contributed several million dollars to Buckhead’s The Lovett School and also to the restoration of the Buckhead Theatre.
A park in the heart of the Buckhead Village bears Charlie Loudermilk’s name and a statue of the man who’s family name has been synonymous with Buckhead for more than a half century. The park was just reopened earlier this year after a $2.5 million renovation, much of it paid by Loudermilk himself.
The Loudermilk family continues to shape development in the Buckhead Village, where it remains one of the district’s largest landholders, with several new projects announced or under construction.