ATLANTA—Landmark at Coventry Pointe, a 250-unit multifamily property in Lawrenceville, GA, has traded hands. Financial terms of the deal were not disclosed.
CBRE Capital Markets arranged the sale of the multifamily asset, which is located at 100 Veranda Chase Drive. CBRE's Shea Campbell represented the undisclosed seller in this transaction.
“Investors are flocking to suburban areas like Lawrenceville due to its population surge and offering of quality products like Coventry Pointe with enormous upside potential,” Campbell, senior vice president at CBRE Capital Markets, tells GlobeSt.com. “This community features some of the largest floor plans and is one of the few properties in the submarket that hasn't undergone wholesale interior renovations, providing a unique opportunity for the new owner.”
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