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Upgraded Duluth Apartments Change Owners

Cushman & Wakefield has arranged the $52-million sale of The Hills on Breckenridge, a 400-unit apartment community in Duluth, GA. The firm’s Nathan Swenson and Travis Presnell represented the seller, Wilkinson Corporation. The buyer wasn’t disclosed.

“The seller and buyer locked arms to find a clear path to closing, despite the uncertain times,” Swenson said. “The asset’s strong location and economically-diverse resident base offers operating stability in the near term and demonstrable value-add options when the opportunity presents itself.”

Built in 1986, The Hills on Breckinridge is located directly off Pleasant Hill Road along Interstate 85 in the heart of Gwinnett County. Residents are poised to benefit from a comprehensive renovation that has taken place over the past few years, with a new clubhouse, pool, sports court, dog park, playground, and interior upgrades.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).