Atlanta – October 26, 2020 – CBRE has arranged the sale of 92 West Paces, a luxury apartment community in the heart of Atlanta’s Buckhead Village. The boutique property features 210 residential units, distinctive architecture and attractive amenities such as a rooftop deck with panoramic views of Buckhead and Midtown. The transaction closed Sept. 25.
CBRE Southeast Multifamily represented the seller. The purchaser was Mesirow Financial.
“Buckhead is the focal point of metro Atlanta’s wealth and sophistication, and 92 West Paces is the ideal investment for participating in Buckhead Village’s incredible transformation,” said Mr. Paul Berry, Vice Chairman with CBRE Southeast Multifamily. “The property combines an irreplaceable location, timeless architecture, durable concrete-and-steel construction, and outstanding upside potential.”
“92 West Paces offers the best of luxury living in an unparalleled location. We look forward to helping shape the next phase of growth and delivering on the high quality amenities and lifestyle residents have come to expect,” said Alasdair Cripps, Chief Executive Officer and Co-Chief Investment Officer of Mesirow Financial’s Direct Real Estate business.
Built in 2013, 92 West Paces is situated at one of Atlanta’s most prestigious addresses — West Paces Ferry Rd, immediately west of Peachtree Rd. The property is contiguous to the St. Regis Atlanta, across from Buckhead’s Whole Foods and walking distance to Jamestown’s Shops Buckhead Atlanta, the Atlanta History Center and the Village’s array of highly regarded restaurants and night spots.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.