Cushman & Wakefield arranges $35.9M multifamily sale for Wicker Park Capital Management

Tennessee Apartment Community Sells for $105,588 Per Unit


Cushman & Wakefield has arranged the $35.9 million sale of Elements of Chattanooga, a 340-unit apartment community located in Chattanooga, Tennessee. Robbie O’Bryan and Brad Boston of Cushman & Wakefield represented the seller, Wicker Park Capital Management, in the transaction. The Legacy Companies acquired the property.

“Elements of Chattanooga is poised for continued growth in the Hamilton Place submarket,” O’Bryan said. “This asset is exceptionally located, providing residents convenient access to the best retail in Chattanooga and the area’s foremost employment hub as well a private residential setting. The property will benefit tremendously with continued focus on the in-place renovation program.”

Elements of Chattanooga is situated in desirable east Chattanooga and benefits from unparalleled access to Chattanooga’s best retail corridor and Enterprise South Business Park.

Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2017 based on closed transactions, totaling $4.5 billion in sales volume.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services.