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Cushman & Wakefield Arranges Sale for Sierra Development

6/30/2020
Cushman & Wakefield has arranged the sale of Lofts at Zebulon, a 241-unit apartment community located in Macon, Georgia.

Lofts at Zebulon

Taylor Bird, Robert Stickel and Nelson Abels of Cushman & Wakefield represented the seller, Sierra Development, in the transaction. Northland Investment Corporation acquired the property.

“Lofts at Zebulon offered an opportunity to acquire a true best-in-class asset in a secondary market,” said Bird. “As Macon’s newest upscale apartment community, Lofts at Zebulon represents the ultimate in modern residential construction with high-end finishes and resort-style amenities. As capital continues to cascade into secondary markets from investors looking for higher yield, the institutional quality of the property caught the attention of a best-in-class large national owner/operator looking to enter the Macon market."

Lofts at Zebulon, completed in 2019, is located adjacent to the premier shopping district Plantation Center. Amenities include a bark park, clubhouse, car care center, fitness center, and infinity pool.

The Macon-Warner Robins MSA is supported by major economic drivers like healthcare, education, manufacturing and aerospace with employers such as Geico, Amazon, Navicent Health, Robins Air Force Base, and Tyson.

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 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Media Contact

Savannah Durban Atlanta Communications
Savannah Durban

Senior Communications Specialist, South Region • Atlanta

Ms. Durban leads public relations for Cushman & Wakefield's Southeast region, including Atlanta, Charlotte, Raleigh-Durham, Nashville and Birmingham. She oversees media relations, thought leadership initiatives, writes and manages blogs and social media, and assists with content creation such as infographics and videos.