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23Thirty offers its residents direct access to many of Cobb County's largest employment and economic drivers, presenting an exceptional opportunity for our team,” says Steve Hagenbuckle, TerraCap's founder and managing partner.
“The Grandstand offers new ownership tremendous headroom given the significant rent spreads achieved by nearby, fully renovated communities,” says Shea Campbell, a senior vice president at CBRE.
“I'm excited to be a part of a company that is focused investing in the affordable housing industry to help create quality homes for consumers,” says Monarch Private Capital's Brett Barringer.
"Luxury class A multifamily assets like Two Addison continue to elevate renters' expectations and attract high yield driven investors,” says JLL's Jim Sewell.
As the line between work and play continues to blur, it's becoming even more important to provide opportunities to connect with other tenants and the surrounding neighborhood, says Zeller Realty's Mark Vollbrecht.
The completed property will consist of a nine-story building with 409 rental apartment units, 16,300 of ground floor retail, and an onsite parking garage.
The property features an attractive four spaces per 1,000 square feet parking ratio, a remodeled conference and training facility, a modernized deli, and a state-of-the-art fitness center.