Sale of mixed-use community in Atlanta MSA closes

JLL Capital Markets closed the sale of the 252-unit The Fieldhouse, which overlooks Coolray Field

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The Fieldhouse
JLL closed The Fieldhouse, a 252-unit, Class A, mid-rise, multihousing community in Atlanta MSA in Lawrenceville, Georgia.

JLL Capital Markets announced that it has closed The Fieldhouse, a 252-unit, Class A, mid-rise, multihousing community with 10,112 square feet of commercial space located within the Atlanta MSA in Lawrenceville, Georgia. The property overlooks Coolray Field, which is home to the Gwinnett Stripers, a Triple-A affiliate of the World Champion Atlanta Braves.

JLL represented Brand Properties. Bonaventure Realty Group acquired the asset.

Built in 2021, The Fieldhouse consists of three buildings ranging from three to five stories and offers studio, one- and two-bedroom floorplans with an average unit size of 833 square feet. The units feature stainless steel appliances, wood-style flooring, spacious patios and balconies and large walk-in closets. The community is filled with baseball-themed amenities, including a rooftop lounge with outdoor party deck, an expansive pool deck with stadium views and two grilling stations with ample seating for two viewing platforms overlooking the stadium, as well as two dog parks, a club and game room, a team workspace with private offices, an entertaining kitchen and bar, a yoga studio and a high-end fitness center.

Situated at 44 Braves Ave., The Fieldhouse is approximately 35 miles from downtown Atlanta. In addition to Coolray Field, the property also benefits from proximity to other entertainment venues, including The Exchange at Gwinnett, TopGolf, Andretti Indoor Karting and Games and The Mall of Georgia. Northside Hospital Gwinnett and Georgia Gwinnet College, which serve as local demand drivers, are less than 10 miles from the property.

The JLL Capital Markets team was led by Senior Managing Director John Weber, Director Vic Ciancetta and Associate Cade Songy.

“Brand Properties delivered a best-in-class asset in The Fieldhouse with unmatched unit finishes and amenities. The attention to detail and thought that went into the project is evident the second you step foot on the property,” said Ciancetta. “Additionally, we are excited to see the property continue to flourish under Bonaventure Realty Group’s ownership and are pleased to have been involved their first purchase in the Atlanta area.”

“Working with Brand Properties and the JLL Capital Markets team was a pleasure throughout the entire transaction,” said Bonaventure Realty Group. “Brand Properties delivers best in class multifamily communities, and we’re thrilled to add the Fieldhouse to the portfolio of Bonaventure communities. The JLL team was extremely helpful throughout the process, and we’re looking forward to working on another deal with them coming up in 2023.”

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 and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.