CHICAGO, IL - JLL Capital Markets announced today that it has closed the sale of Marquis at Briarcliff, a 104-unit, garden-style multi-housing community in the North Druid Hills submarket of Atlanta, Georgia.
JLL represented the seller, CWS Capital Partners, LLC, and procured the buyer, Chicago-based Oak Residential Partners, LLC.
Marquis at Briarcliff is located at 1000 Gables Way centrally positioned between Buckhead and Midtown and close to Atlanta’s leading private and institutional employers. Additionally, the property is in the heart of a dense medical cluster anchored by the CDC Headquarters, Emory University Hospital, the VA Medical Hospital and the American Cancer Society as well as two new medical campuses being developed by Emory Healthcare and Children’s Healthcare of Atlanta. Marquis at Briarcliff comprises four residential buildings offering one-, two- and three-bedroom floorplans. Community amenities include a resort-style swimming pool, 24-hour fitness center, outdoor grilling stations and a dog park.
The buyer plans to implement a renovation program to Marquis at Briarcliff that will focus on enhancements to unit interiors, property amenities, building exteriors and landscaping as well as a rebranding and name change.
About JLL: JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.