Passco Companies has sold Merritt at Sugarloaf, a 424-unit apartment complex in Duluth, GA, a northeastern suburb of Atlanta. Indianapolis-based Birge & Held acquired the property for an undisclosed price.

Paul Berry, Kevin Geiger, Shea Campbell, Ashish Cholia, Colleen Hendrix, Don Hoffman and Malcolm McComb of CBRE Southeast Multifamily arranged the sale.

Located at 2951 Satellite Blvd. NW, Merritt at Sugarloaf includes a mix of one-, two-, and three-bedroom units with an average unit size of 1,027 square feet. Built in 1999, the garden-style apartment complex features a fitness center, two swimming pools, a playground, dog park, tennis courts, clubhouse with Cyber Café, outdoor grilling areas, and a package room. The property also has access to Interstate 85.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Multifamily