The Connor Group Buys Atlanta Community for $39M
- Oct 29, 2018
The Connor Group has acquired Ardmore & 28th, an apartment community in the Buckhead submarket of Atlanta, for $39 million.
The community is within close proximity to the Northside Trail of the Atlanta Beltline, SCAD Atlanta, Atlantic Station, Chick-Fil-A, Starbucks, Georgia Tech and Emory University, as well as being adjacent to South Buckhead’s medical corridor that includes Piedmont Hospital and Sheperd Center.
Located at 306 Ardmore Circle NW, the 165-unit Ardmore & 28th was constructed in 2017 and was 96 percent occupied at the time of sale. Floorplans are offered in one-, two-, three- and four-bedroom units, ranging from 663 to 3,226 square feet. Interior features include private balconies and sunrooms, gallery-style kitchens, 9- and 10-foot ceilings, open-concept floorplans, granite countertops in kitchens and bathrooms, stainless steel appliances, ceramic tile bath floor and tub surroundings, oversized walk-in closets, tile backsplashes in kitchens, fireplaces, crown molding, hardwood-style flooring, ceiling fans, full size washer/dryers and garden-style bathtubs. Residents have access to common area amenities including:
- resort-style swimming pool
- poolside cabana
- outdoor grilling stations
- clubhouse with Wi-Fi
- conference room
- outdoor gaming area
- Bark Park and pet washing station
- 24-hour fitness center and yoga studio
- landscaped courtyards
- garages and ample parking
- Midtown views
CBRE’s Senior Vice President Shea Campbell represented the seller, CF Real Estate Services, in the deal.
“The property’s boutique size and distinctive design cater to an affluent demographic. Its unique three- and four-bedroom townhomes are a perfect fit for families drawn to Ardmore’s excellent schools and upscale neighborhood surrounding,” said Campbell, in a prepared statement. “Ardmore & 28th is centrally located between Atlanta’s most rapidly-expanding employment nodes, which makes this a great investment.”
In August, Campbell represented Castlegate Properties in its disposition of The Grandstand, a 680-unit community in Marietta, Ga., purchased by Bridge Investment Group.
Image courtesy of CBRE