Ardmore & 28th, 306 Ardmore Circle Northwest, Atlanta, GA
ATLANTA, GA—The Connor Group acquired Ardmore & 28th, a 165-unit apartment community at 306 Ardmore Circle Northwest in Atlanta's affluent Buckhead submarket for $39 million.
Completed in 2017, the property is steps from the Northside Trail of the Atlanta Beltline and directly adjacent to South Buckhead's medical corridor that includes Piedmont Hospital and Shepherd Center.
CBRE's Shea Campbell represented the seller, CF Real Estate Services, in this transaction.
“The property's boutique size and distinctive design cater to an affluent demographic. Its unique three- and four-bedroom townhomes are a perfect fit for families drawn to Ardmore's excellent schools and upscale neighborhood surrounding,” says Campbell, senior vice president at CBRE. “Ardmore & 28th is centrally located between Atlanta's most rapidly-expanding employment nodes, which makes this a great investment.”
Ardmore & 28th was 96%-leased at the time of sale. The property's amenity package includes an elegant clubhouse, executive conference room, dog park, pet spa, controlled access, fitness center with yoga and Pilates room, a resort-style swimming pool, and outdoor gaming and grilling areas.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
