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Cushman & Wakefield Arranges Sale of lilli Midtown

2/21/2020
Cushman & Wakefield has arranged the sale of lilli Midtown, a 147-unit boutique trophy high-rise tower located in the heart of Midtown Atlanta.

ATL lilli Midtown building

ATLANTARobert Stickel, Alex Brown and Chris Spain of Cushman & Wakefield represented the sellers, JPX Works, Mariner Group and ELV Associates, in the transaction. Oxford Properties Group acquired the property, which also includes 3,965 square feet of retail space.

“Completing lilli Midtown on its tiny .33-acre site required a huge amount of creativity and hard work from our team, and the cooperation of our city government, county government and Midtown Alliance,” said JPX Founder Jarel Portman. “We’re all tremendously proud of this project and are thrilled to see it land in the capable hands of Oxford Properties Group. They have the forward-looking vision to ensure this unique asset continues to thrive.”

“lilli Midtown embodies a visionary plan from distinguished developers, JPX Works and Mariner Group, directly in the path of growth for Midtown Atlanta,” Stickel said. “The property attracted a broad spectrum of investors, including international capital targeting the Sunbelt region. The buyer chose to enter Atlanta’s multifamily market, compelled by strong fundamentals and future upside.”

lilli Midtown exemplifies brilliant architecture and top-notch finishes that attract an elite demographic at the crosshairs of the prominent Peachtree Street and Ponce De Leon corridors. lilli Midtown offers an unparalleled and luxurious lifestyle with sought-after culture and is anchored by numerous office and retail developments with 11,000 new jobs arriving within three blocks over the next three years.

“lilli Midtown is an exceptional asset that raised the bar for multifamily design,” Brown said. “The boutique nature of this property and striking architecture attracted a high-end resident seeking an intimate living environment. Investors were also drawn to Midtown’s incredible job growth story, which is one of the strongest in the country.”

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.

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