For its part, Buckhead Atlanta has 300,000 square feet of upscale, open-air retail and eateries leased to high-end tenants including Hermès, Christian Louboutin, Tom Ford, Jimmy Choo, Warby Parker, Diptyque, Brunello Cucinelli, Flywheel, Doraku Sushi, Gypsy Kitchen, Le Bilboquet, The Southern Gentleman and Shake Shack. The project is home to 100,000 square feet of boutique office space serving as the corporate headquarters of Spanx.

It's a big month. for Atlanta multifamily. Pershing Park Plaza, a nine-story class A office building in Midtown Atlanta, also traded hands. The sale price: $45 million. But it's not just the trophy assets in prime submarkets that are trading.

The RADCO Companies snapped up Stanton Place Apartments, a multifamily asset in Acworth, Ga, for $23.3 million. That's in Cobb County, a multifamily market that is performing especially well in the Atlanta metro.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

ATLANTA—The Residence Buckhead Atlanta, a 370-unit, luxury high-rise multifamily community in the Buckhead Atlanta mixed-use development, has traded hands. The sale price on the Atlanta trophy multifamily asset: $136.5 million.

HFF represented the developer and seller OliverMcMillan. Simpson Housing acquired the multifamily property. In 2013, HFF worked with the developer to arrange construction financing funding the development of Buckhead Atlanta.

“This sale highlights the strength of Atlanta's rental market and its 'renter-by-choice' demographic as well as the capabilities of all the parties involved in this transaction,” says HFF senior managing director Jason Nettles. “OliverMcMillan delivered the premier multi-housing asset in the southeast with this project, and a Simpson Housing joint venture executed flawlessly in adding to their portfolio of best-in-class assets. Bolstered by the strength of the neighboring Shops Buckhead Atlanta, The Residence represents a landmark investment in luxury multi-housing amid a trophy mixed-use environment.”

Completed in late 2014, The Residence Buckhead Atlanta is the residential cornerstone of Buckhead Atlanta, an award-winning mixed-use project. The multifamily property sits along East Paces Ferry Road Northeast. The Residence offers two 20-story towers featuring luxury finishes and amenities including a resort-style pool, fitness center, theatre, study, conference room, demonstration kitchen, and concierge service.

For its part, Buckhead Atlanta has 300,000 square feet of upscale, open-air retail and eateries leased to high-end tenants including Hermès, Christian Louboutin, Tom Ford, Jimmy Choo, Warby Parker, Diptyque, Brunello Cucinelli, Flywheel, Doraku Sushi, Gypsy Kitchen, Le Bilboquet, The Southern Gentleman and Shake Shack. The project is home to 100,000 square feet of boutique office space serving as the corporate headquarters of Spanx.

It's a big month. for Atlanta multifamily. Pershing Park Plaza, a nine-story class A office building in Midtown Atlanta, also traded hands. The sale price: $45 million. But it's not just the trophy assets in prime submarkets that are trading.

The RADCO Companies snapped up Stanton Place Apartments, a multifamily asset in Acworth, Ga, for $23.3 million. That's in Cobb County, a multifamily market that is performing especially well in the Atlanta metro.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.