ATLANTA—Atlanta’s multifamily market continues to gain momentum with the sale of Axis at Perimeter. Developed by Lane Companies, Prudential snapped up the luxury multifamily asset for an undisclosed amount.

Jones Lang LaSalle managing directors Derrick Bloom and David Gutting, along with associate Elliot Howell, led team on the transaction. Axis at Perimeter is a 312-unit, class AA multifamily community in the heart of Perimeter Center.

“We saw strong interest from institutional investors seeking to acquire a well located, high-quality, core asset like Axis,” Bloom tells GlobeSt.com. “Perimeter Center is a very strong Atlanta submarket. Assets for sale here generally earn a lot of interest due to its strategic location at GA 400 and I-285, the blue-chip job base, and the strong demographics in the area.”