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Atlanta & Southeast  + Apartments  | 

Atlanta Apartment Community Trades for $54M

Cushman & Wakefield arranged the $54.2-million sale of 464 Bishop, a 232-unit apartment community in Atlanta. Completed in 2017, 464 Bishop is an urban infill midrise located in Atlanta’s Loring Heights neighborhood. The property is nearby Atlantic Station, as well as the future Westside BeltLine trail.

Chris Spain, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, Newport Development Partners, in the transaction. The RADCO Cos. acquired the property and rebranded it to Radius West Midtown upon takeover.

“464 Bishop’s unique location and Newport Development Partner’s delivery of high-quality product provides a special opportunity within West Midtown,” said Stickel. “Also, the Loring Heights neighborhood has increasing walkability and incredible access to many new jobs. With Radius West Midtown’s upward performance trend and central, growth-oriented position, we are excited to see this opportunity join RADCO’s impressive portfolio.”

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.

  • ◦Sale/Acquisition
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