ATLANTA, GA - Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of SODO Duluth, a newly built 257-unit multifamily community in the Atlanta suburb of Duluth, Georgia.
Robert Stickel, Alex Brown, Ashlyn Warren, and Michael Kay of Cushman & Wakefield represented the sellers in the transaction. The multifamily community was sold by The Residential Group (TRG) and PointOne Holdings, and acquired by Weinstein Properties.
“The Residential Group and PointOne Holdings designed and delivered a phenomenal multifamily asset with a truly irreplaceable location that is walkable to vibrant Downtown Duluth,” said Stickel, Executive Vice Chair at Cushman & Wakefield.
Added Chris Taylor, Vice President of Investments at Weinstein Properties, “We are happy to add SODO Duluth to our portfolio in Atlanta. SODO Duluth’s proximity to town center, top of market amenities, and high-end finishes drew us to the asset. It is positioned extremely well in the submarket, and we look forward to holding this property for a long time.”
Built in 2023, SODO Duluth is a new multifamily community in the thriving Downtown Duluth town center with immediate walkability to the Downtown’s highly desirable mix of restaurants, shopping, and entertainment totaling over 245,000 square feet. The property is also positioned in Atlanta’s infill arc with a purposeful location surrounded by top-notch job-nodes, providing exceptional access to over one million jobs within a 30-minute drive. On-site, the property boasts extremely thoughtful interiors and high-end amenities that have driven impressive leasing activity.
"Weinstein Properties continues to build their presence in Atlanta with this suburban town center acquisition. Due to its fortified location, this asset is well-positioned for their long-term hold strategy,” noted Brown, Executive Managing Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 110-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $3.5 billion in sales volume through 113 deals and 19,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com