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ECI Group Sells The Columns at Paxton Lane in Lilburn, GA
ECI Group announces the sale of The Columns at Paxton Lane apartments at 4305 Paxton Lane in Gwinnett County to InterCapital Group for an undisclosed price. The 296-unit community was developed by ECI in 1996 and has been owned and managed by the company since then.
The property is in one of the fastest-growing submarkets of suburban Atlanta. Residents have gained access to a growing amenity base with new mixed-use developments and retail centers nearby.
ECI was represented by Mike Kemether, James Wilber, and Megan Turner of Cushman & Wakefield.
“ECI intends to re-invest the proceeds from The Columns at Paxton Lane into a newer multifamily property. Once the re-investment plan is completed, realizing the investment of an older property into a more current property, that deal will mark the sixth such exchange transaction completed by ECI in the past approximately two years,” said ECI Group CEO, Seth R. Greenberg.

