ATLANTA, GA - Cushman & Wakefield announced the commercial real estate services firm has arranged the sale of Spoke, a 224-unit multifamily community in Atlanta’s Eastside submarket.
Robert Stickel, Wesley Lacefield, and Alex Brown of Cushman & Wakefield represented the seller, Waypoint Residential in the transaction.
“The buyer acquired this Core Plus infill asset and benefits from the continued growth of Atlanta’s Eastside neighborhood. They were also attracted to a Fannie Mae loan assumption and tax abatement to bolster cash flow in the near term,” said Stickel, Executive Vice Chair at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 110-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $3.8 billion in sales volume through 122 deals and 20,300 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com