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CNC Pays $19M for 351-Unit Hartford Place

ATLANTA-New York-based Sentinel Real Estate Corp. sells the 91%-leased apartment complex at 500 Northside Circle NW near the city's new Atlantic Station development to Houston-based CNC Investments for $53,561 a unit. Cushman and Wakefield's locally based-office of the Apartment Group represented Sentinel.

By Marita Thomas | Updated on July 09, 2002

ATLANTA-Houston-based CNC Investments pays $18.8 million, or about $53,561 a unit, for Hartford Place, a 351-unit apartment complex in Midtown Atlanta.

The property is at 500 Northside Circle NW, near the 140-acre, mixed-use Atlantic Station project under construction at the former Atlantic Steel mill at the northern edge of the Downtown Connector.

When completed, Atlantic Station will contain 12 million sf of retail, office, residential and hotel space along with a new aquarium. It is being developed by locally based-Jacoby Development.

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