Chatsworth Apartments in Central Perimeter Changes Hands
“The property’s strategic location provides Atlanta’s best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says CBRE's Kevin Geiger,
ATLANTA, GA—ECI Group has acquired Chatsworth, a 410-unit gated apartment community located along Atlanta’s top end perimeter, Interstate 285, at 4800 North Hill Parkway.
CBRE’s Kevin Geiger led the team that represented the sellers, Titan Real Estate and Investcorp International. CBRE declined to disclose the sale price.
“The property’s strategic location provides Atlanta’s best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says Geiger, a vice chairman at CBRE. “Chatsworth is surrounded by superior demographics and a deep, talented resident pool in one of Metro Atlanta’s most affluent areas, where home ownership comes at a higher cost than renting.”
Built in 1980, Chatsworth features large floor plans and amenities including a clubhouse, a new fitness center, two swimming pools, a tennis court, playground, and business center. New ownership has the opportunity to add value by expanding existing interior and exterior upgrades. The community is near Assembly Yards, a large 160-acre mixed use development adjacent to the MARTA Doraville station.