CBRE has arranged the sale of Ardmore & 28th, a 165-unit apartment community located at 306 Ardmore Circle Northwest in Atlanta’s affluent Buckhead submarket. Completed in 2017, the property is steps from the Northside Trail of the Atlanta Beltline and directly adjacent to South Buckhead’s medical corridor that includes Piedmont Hospital and Shepherd Center. The Connor Group acquired the property for $39 million.
CBRE’s Shea Campbell represented the seller, CF Real Estate Services, in this transaction.
“The property’s boutique size and distinctive design cater to an affluent demographic. Its unique three- and four-bedroom townhomes are a perfect fit for families drawn to Ardmore’s excellent schools and upscale neighborhood surrounding,” said Mr. Campbell, senior vice president at CBRE. “Ardmore & 28th is centrally located between Atlanta’s most rapidly-expanding employment nodes, which makes this a great investment.”
Ardmore & 28th was 96% leased at the time of sale. The property’s amenity package includes an elegant clubhouse, executive conference room, dog park, pet spa, controlled access, fitness center with Yoga and Pilates room, a resort-style swimming pool, and outdoor gaming and grilling areas.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.
