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CushWake Brokers $68M Sale of Smyrna Apartment Property

Cushman & Wakefield has arranged the $68.2 million sale of The Eddy at Riverview Landing, a 310-unit apartment community in Smyrna, GA.

The property is located within a mixed-use community along the Chattahoochee river and offers a riverfront setting. On-site retail at the community includes Reformation Brewery, Chattahoochee Coffee Co. and Grand Champion BBQ. Community amenities include a fitness center, yoga room, community garden, a dock with boat launch, dog park and a resort-style saltwater pool.

Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield represented the seller, Prestwick Companies, in the transaction. JEM Holdings, a New York-based real estate investment management company, acquired the recently-delivered asset, which is currently in lease-up.

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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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