Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Central Park Apartments, a 280-unit multifamily property in Atlanta, Georgia.
“The buyer saw a tremendous opportunity to implement a value-add strategy at Central Park Apartments by enhancing both the physical asset and operational performance,” said Scott Spalding, managing director investments in Marcus & Millichap’s Atlanta office. “With its strategic location near Hartsfield-Jackson Atlanta International Airport and proximity to major economic drivers, including logistics, aviation and Fortune 500 employers, the property is well-positioned to benefit from sustained rental demand and long-term market growth.”
Spalding represented the seller in the transaction. Marco Welch, managing director investments, procured the buyer, and Joe Mitchell, senior director investments, helped facilitate the transaction.
Built in 1969, Central Park Apartments is located at 2900 Camp Creek Parkway and occupies a 23.06-acre lot in the Camp Creek area of southwest Atlanta. It is minutes from Hartsfield-Jackson Atlanta International Airport and near the intersections of Interstates 285 and 85, providing convenient regional connectivity.
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.
