Barclay at Dunwoody, built in 1990, is located minutes from Perimeter Center, Atlanta's densest employment base featuring more than 123,000 jobs and 6 million square feet of premier retail. The property sits in the high barrier-to-entry Dunwoody apartment submarket, characterized by limited land zoned for multifamily and strict code enforcement.

“Barclay at Dunwoody has the opportunity to be a submarket leader within its comp set, providing residents the security of 100% podium parking,” says Kemether. “The high cost to replicate this elevatored, podium construction means that Barclay at Dunwoody will have no notable peers in the immediate submarket for the foreseeable future.”

(Sandy Springs, GA is also turning more investor heads. Read more.)

ATLANTA—Barclay at Dunwoody, a 204-unit apartment community located in Dunwoody, GA, has traded hands. The sale price: $29.3 million.

Cushman & Wakefield's Southeast Multifamily Advisory Group arranged the sale. Mike Kemether, Josh Goldfarb and Travis Presnell represented Barclay at Dunwoody, the seller, in the transaction. FPA Multifamily acquired the property.

“The Perimeter Center submarket continues to create high-quality jobs between medical expansions, the new State Farm campus and Mercedes new headquarters,” Kemether tells GlobeSt.com. “This job engine supports strong demand for multifamily and will allow the new owner to push rents through an interior value-add program.”

(Dunwoody's multifamily market is flexing its muscles with investors. Get all the details.)

Barclay at Dunwoody, built in 1990, is located minutes from Perimeter Center, Atlanta's densest employment base featuring more than 123,000 jobs and 6 million square feet of premier retail. The property sits in the high barrier-to-entry Dunwoody apartment submarket, characterized by limited land zoned for multifamily and strict code enforcement.

“Barclay at Dunwoody has the opportunity to be a submarket leader within its comp set, providing residents the security of 100% podium parking,” says Kemether. “The high cost to replicate this elevatored, podium construction means that Barclay at Dunwoody will have no notable peers in the immediate submarket for the foreseeable future.”

(Sandy Springs, GA is also turning more investor heads. Read more.)