RADCO Cos. Divests from 532-Unit Apartment Property in Sandy Springs
Real estate developer and owner the RADCO Cos. has sold Radius Sandy Springs, a 532-unit apartment community in Atlanta’s Sandy Springs submarket. The sales price was not disclosed.
Located at 7700 Colquitt Road, the community consists of one-, two-, and three-bedroom floor plans as well as renovated town homes with washer dryer connections, sunrooms, and screened porches. The property includes a clubhouse with coffee bar, resident lounge and business center and a modern fitness center. Outdoor amenities include grilling stations, pool and sundeck, playground and a dog park.
Derrick Bloom, David Gutting, Hunter Amos and Brandon Beaty of Newmark represented Radco in the sale. The buyer was undisclosed. The deal represents the 74th transaction for RADCO, bringing the firm’s total transaction volume to $2.57 billion in sales.
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.