BIRMINGHAM, AL – Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Village at Grants Mill, a 200-unit apartment community located at 5320 Beacon Dr. in Irondale, Alabama.
Craig Hey, Ben Thomas, Andrew Brown and Tommy Coleman of Cushman & Wakefield represented the seller in the transaction.
"We’re excited to have taken the current seller round trip on this asset. They benefited from definable growth in a thriving submarket with an anchored shopping center and robust development of single-family housing in the area,” said Hey, Vice Chair at Cushman & Wakefield.
Village at Grants Mill was originally constructed in the late 1980s and significantly renovated in 2017. The renovation included comprehensive interior upgrades and the addition of brand-new amenities, including a resort-style pool, a modern clubhouse and a fully equipped fitness center. Renters in the Irondale area have convenient access to Interstate 20 and Interstate 459, ensuring an easy commute to downtown Birmingham and some of Alabama’s most desirable suburbs.
“The Village at Grants Mill is a quality asset with best-in-market amenities and a convenient location. This area of Birmingham has seen consistent growth in recent years and has great sightlines to continued appreciation. We’re excited for both sides of the transaction,” added Thomas, Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 90-person investment sales team covering 15 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2024, the group closed $5 billion in sales volume through 172 deals and 28,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com