Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Chase Park, an 88-unit apartment property located in Montgomery, Alabama.
“The successful closing of Chase Park in Montgomery underscores the extensive transaction expertise of our team, which has facilitated the sale of more than 3,000 units in this market over the past three years,” said Josh Jacobs, senior vice president investments.
Jacobs and Royce Emerson, investment specialists in Marcus & Millichap’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, Chase Park Alabama, LLC, and procured the buyer, Atlantic Companies.
Located at 2421 Chase Park Drive, Chase Park offers a mix of one-, two- and three-bedroom floor plans across 102,198 rentable square feet. Built in 2004, the property sits on 11.09 acres near AL-15, less than five miles north of downtown Montgomery.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
