Atlanta, GA (June. 16, 2016) – CBRE’s Capital Markets team announced the sale of Veranda Estates Apartments and Veranda Knolls Apartments, apartment communities in Peachtree Corners, Ga. CBRE’s Kevin Geiger and Shea Campbell of the Southeast Multifamily Group exclusively represented the seller, White Oak Partners.
Brookline Investment Group, a family firm based in Southern California, acquired the properties. Located at 6516 Spalding Drive and 100 Ivy Park Lane, both properties are in an area that is on the rise and is considered very desirable.
Veranda Estates and Veranda Knolls offer residents large patios, elaborate interior features and town-home style entrances. It is strategically located by neighboring Technology Park Atlanta, an economic engine for the area housing more than 500 technology and creative companies.
“This is the exact property type that caters to the Technology Park Atlanta employee base,” said Shea Campbell. “It is also an excellent time for the multifamily market in Atlanta, given that by the end of 2015, we were seeing the eighth consecutive quarter of positive apartment absorption.”
About CBRE Group, Inc.
CBRE
Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in
Los Angeles, is the world’s largest commercial real estate services and
investment firm (in terms of 2014 revenue). The Company has more than 70,000
employees (excluding affiliates), and serves real estate owners, investors and
occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE
offers strategic advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and
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