In 1981, the success of the theater inspired a group of Atlanta professionals to form a board of directors who helped the Outfit renovate the historic Kress Five and Dime Store at 1012 Peachtree Street, creating a 200-seat, black box theater. Notably, David Head was one of the first visionary Artistic Directors of Theatrical Outfit.
Throughought the 1980s, Sharon Levy, Producing Artistic Director, spearheaded more than forty play and musicals, helping cement the theatre's placehold in the Atlanta arts landscape. Levy was instrumental in bringing Lee Breuer's productions of Mabou Mines' Lear and Cold Harbor to the Outfit.
In the fall of 1995, Tom Key became the Executive Artistic Director and has led the organization to the creation of its new award-winning downtown home, the Balzer Theater at Herren’s, the first theater in the United States to achieve LEED certification from the U.S. Green Building Council.
The Balzer Theater is also the historical site of Herren’s, the first restaurant in Atlanta to voluntarily desegregate in 1962; its first African American patrons, Dr. Lee and Delores Shelton, are now season subscribers to Theatrical Outfit.