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Atlanta & Southeast  + Southeast  + Apartments  |  November 4, 2020
David Cohen
By: David Cohen

CushWake Arranges $33M Sale of Durham Apartment Community

Cushman & Wakefield has arranged the $32.5 million sale of Marquis Gardens, a 400-unit apartment community in Durham, N.C. Watson Bryant, Paul Marley and Hunter Bowling of Cushman & Wakefield represented the seller, JEM Holdings, in the transaction. Concordia Properties acquired the property.

Located in Durham’s Northeast submarket, Marquis Gardens is situated between the employment hubs of Downtown Durham and Treyburn Corporate Park. Amenities include grilling and picnic areas, a laundry facility, two playgrounds, a swimming pool and tennis courts.

“We feel that Marquis Gardens is a wonderful addition to our portfolio and a significant beachhead for Concordia’s expansion into the Carolina markets,” said Ari Drillick, Director of Acquisitions at Concordia Properties. “It was a pleasure as always working with the Cushman & Wakefield team on this deal.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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