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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