ATLANTA, GA - Transwestern's Southeast Investment Services Group announced it brokered the disposition of Legacy Century Center for $15.25 million, or $85,674 per unit. The 178-unit, garden-style community is located at 100 Windmont Drive in Brookhaven, Georgia, and totals 149,960 square feet. Transwestern Managing Directors Mike McGaughy and Jon Kleinberg represented the seller, Church Street Partners. The property was acquired by Atlantic Pacific Cos.
"The sale of Legacy Century Center was completed at an opportune time," said McGaughy. "The property's recent annexation into Brookhaven and the completion of the Clairmont Road improvement project position it for strong rent growth with the continuation of interior upgrades planned by Atlantic Pacific."
Built in 1990, the institutional-quality, Class A property offers a mix of contemporarily designed one- and two-bedroom units with open kitchens and walk-in closets, along with wood-burning fireplaces and full-size washers and dryers in select floorplans. Upgraded units feature stainless steel kitchen appliances, brushed nickel hardware and faux hardwood flooring. Situated on 6.79 acres, Legacy Century Center offers a competitive community amenities package that includes a pool with grilling area, clubhouse, fitness center, business center and cyber cafe.
The property's infill location in the city of Brookhaven provides exceptional access to Interstates 85 and 285, as well as proximity to major thoroughfare Peachtree Road, which directly connects to North Druid Hills Road and Ashford Dunwoody. Legacy Century Center is situated minutes from Town Brookhaven, Lenox Square, Phipps Plaza and Oglethorpe University.
The transaction represents the third time McGaughy and Kleinberg have successfully brokered the sale of this property, formerly known as Windmont.
Source: Transwestern Development / #Apartments #Multifamily