JLL Capital Markets announced that it has closed the sale of Marquis at Briarcliff, a 104-unit, garden-style multihousing community in the North Druid Hills submarket of Atlanta, Georgia.
JLL represented the seller, CWS Capital Partners, LLC, and procured the buyer, Chicago-based Oak Residential Partners, LLC.
Marquis at Briarcliff is located at 1000 Gables Way centrally positioned between Buckhead and Midtown and close to Atlanta’s leading private and institutional employers. Additionally, the property is in the heart of a dense medical cluster anchored by the CDC Headquarters, Emory University Hospital, the VA Medical Hospital and the American Cancer Society as well as two new medical campuses being developed by Emory Healthcare and Children’s Healthcare of Atlanta. Marquis at Briarcliff comprises four residential buildings offering one-, two- and three-bedroom floorplans. Community amenities include a resort-style swimming pool, 24-hour fitness center, outdoor grilling stations and a dog park.
The buyer plans to implement a renovation program to Marquis at Briarcliff that will focus on enhancements to unit interiors, property amenities, building exteriors and landscaping as well as a rebranding and name change.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
