SAN FRANCISCO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the Atlantic Apartments, a 186-unit, value-add apartment community in the San Francisco Bay Area city of Alameda, California.
The HFF team exclusively represented the buyer in this transaction. Patsy Kauffman and the Atlantic Apartments Trust were the seller.
Atlantic Apartments is located on 3.86 acres at 1825 Poggi Street just off Atlantic Avenue in Alameda. The property is located 0.6 miles from Alameda Landing, a 291,000-square-foot retail center, including Target, Safeway and In-N-Out Burger, and within two miles of Alameda Point, a development site approved for up to 600,000 square feet of commercial space, more than 15 acres of public parks and 800 residential units. Additionally, the property’s central location positions it approximately 2.5 miles from major employers and amenities in both downtown Oakland and Jack London Square. Atlantic Apartments features one- and two-bedroom units averaging 700 and 900 square feet, respectively.
The HFF investment advisory team representing the buyer included managing director Scott Bales, associate Peter Yorck and analysts Miles Kersten and Eric Bet.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
About HFF: HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.