CushWake Brokers Sale of 290-Unit Apartment Property in Norcross
Cushman & Wakefield has arranged the sale of Broadstone Junction, a 290-unit apartment community in Norcross. The sales price was not disclosed.
Built in 2021, Broadstone Junction is located within the Historic Town Center of Norcross. The property demonstrated its desirability by capturing leasing velocity of 25 leases per month since September, while substantially increasing market rents. Amenities include a fitness center, clubhouse, dog park, bike storage, a yoga studio, pat spa, swimming pool and mezzanine library.
Robert Stickel and Alex Brown of Cushman & Wakefield represented the sellers, Alliance Residential Co. and The Carlyle Group, in the transaction. Canada-based multifamily acquisition company Brass Enterprises acquired the property.
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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