Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges Sale of The Park at Peachtree Hills

2/12/2020
Buyer of The Park at Peachtree Hills to Reposition to Luxury Apartments

Park at Peachtree Hills

ATLANTA - Cushman & Wakefield has arranged the $16.14 million sale of The Park at Peachtree Hills, a 118-unit apartment community located in Atlanta. Christopher Lyon, Tyler Averitt and Travis Presnell of Cushman & Wakefield represented the seller, St. Clair Holdings, in the transaction. Berkshire Property Holdings acquired the property.

“Park at Peachtree Hills is our second acquisition in the Atlanta market,” said Zamir Kazi, CEO of Berkshire Property Holdings. “We are excited to acquire such a well-positioned asset in Atlanta’s best submarket, and will continue to expand our footprint in such a great city and provide better places to live for its residents.”

The Park at Peachtree Hills has performed well as a result of $796,000 in capital improvements since 2016. Additionally, the property’s proximity to high paying jobs has resulted in a 65% increase in average effective rent since 2010.

“The Park at Peachtree Hills is a unique opportunity in an irreplaceable Buckhead location - one of the most affluent rental markets in Atlanta,” Lyon said. “The buyer plans to reposition this 1960s asset to offer luxury apartment living, while also maintaining affordability compared to the surrounding new apartment developments.”

The Park at Peachtree Hills is situated in the burgeoning Lindbergh submarket of Buckhead, between the Piedmont Road and Peachtree Road corridors with immediate access to GA Highway 400, Interstates 85/75, and MARTA transit. Amenities include electric car charging, a grilling/picnic area, swimming pool and fire pit gathering area.

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (Source: Real Capital Analytics www.rcanalytics.com). Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit https://multifamily.cushwake.com.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

Cushman & Wakefield Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Americas PR Content Manager • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Central region. She oversees media relations, thought leadership initiatives, and manages blogs and social media.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS