Cushman & Wakefield Arranges Suburban Atlanta Sale

Robert Stickel, Alex Brown and Mike Kemether assisted the seller in the disposition of the 282-unit luxury community in Holly Springs, Ga.

The Darby Apartments. Image courtesy of Cushman & Wakefield

Cushman & Wakefield has brokered the sale of The Darby Apartments, a 282-unit luxury community in the Atlanta suburb of Holly Springs, Ga. Robert Stickel, Alex Brown and Mike Kemether negotiated on behalf of the seller, a joint venture between RangeWater Real Estate and NXT Capital. Mount Auburn Multifamily purchased the Class A asset, which delivered earlier this year. According to Yardi Matrix data, Truist Bank financed the project with a $31.7 million loan.

Situated on 21.6 acres at 100 Holly Park Court, The Darby has 10 three- and four-story buildings with one- to three-bedroom apartments averaging 964 square feet. Community amenities include a clubroom, fitness center, pet park and pool deck with private cabanas.

Located 34 miles north of downtown Atlanta, the community is less than 2 miles from the city center on the eastern side of Interstate 575. The Outlet Shoppes of Atlanta is less than 3 miles away, with a number of other shopping and dining options south along Main Street.

In July, a Cushman & Wakefield team assisted The RADCO Cos. in its disposition of a 297-unit community located in Atlanta’s Upper Westside. Quintus paid nearly $50 million for the townhome-style property.

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