ATLANTA, GA - CBRE, Inc., on behalf of Mesirow Financial, is pleased to announce the sale of the Reserve at Johns Creek Walk in Johns Creek, Ga. The 210-unit mixed-use complex was purchased by LaSalle. CBRE’s Paul Berry, Ashish Cholia and Shea Campbell represented the seller, Mesirow Financial, which owns various properties across the nation.
The Reserve at Johns Creek Walk is situated along Peachtree Parkway in the heart of the highly affluent Johns Creek community in the North Fulton submarket. Johns Creek boasts a well-established corporate presence, primarily due to the 1,900-acre Technology Park which is home to various global headquarters.
“Reserve at John's Creek Walk is a special property,” said Paul Berry, CBRE Vice Chairman. “Constructed in 2007, its highly detailed craftsman style architecture and features continue to make it one of suburban Atlanta's most highly regarded properties. Its setting inside Johns Creek Walk is also unique. The community incorporated traditional neighborhood design elements of a quaint main street retail component and elegant for-sale housing to provide the perfect setting for Johns Creek's residents.”
“We were excited to work with CBRE on the sale of this particular property,“ said Alasdair Cripps, Chief Executive Officer and Co-Chief Investment Officer of Mesirow Financial’s Direct Real Estate group. “It has become difficult to develop multifamily properties in the Johns Creek area, which has led to a lack of quality developments recently. The Reserve at Johns Creek Walk has been and will continue to be a unique asset to this community.“
In 2015, Johns Creek was named the “Third Best City in the United States” by USA Today. The strength of the local economy, safety, top ranking schools, culture and mild climate all were contributing factors.
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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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
About Mesirow Financial: Headquartered in Chicago, Mesirow Financial is a specialist investment, risk management and advisory firm committed to helping its global institutional clients achieve their objectives. As an independent, employee-owned firm, it develops tailored solutions designed to deliver measurable results since 1937. Its Direct Real Estate business incorporates a diversified value-added real estate strategy with an emphasis on the U.S. multifamily sector. Over the last five years, the team has invested in approximately 12,000 units in 21 cities nationwide. For more information, visit mesirowfinancial.com