ATLANTA—Paces Station, a 610-unit class B garden-style multifamily complex in Atlanta’s Vinings neighborhood, has traded for $57 million, or $93,400 per apartment unit. The buyer purchased the multifamily asset with all-cash.

HFF marketed the multifamily property on behalf of a national REIT. HFF senior managing director Jason Nettles and director Megan Thompson led the deal. TA Associates Realty was the buyer.

“Paces Station’s location in Vinings, one of Atlanta’s most desirable in-town neighborhoods, provides a great value-add opportunity for the buyer,” Nettles said in a statement. “Paces Station represents one of the last untouched rehab opportunities for a Class B asset in Vinings. This unique position created a very institutional bid pool and the property sold to an unleveraged, core buyer.”