Transwestern's Atlanta Investment Services Group Sells $20.2M in Assets Over the Past 90 Days

ATLANTA, GA - Transwestern's Atlanta office announced today that its investment services group, led by Kevin Markwordt, (top right photo),  Jon Kleinberg, (middle left photo)  and Mike McGaughy, (bottom right photo)  has closed more than $20.2 million in sales in Atlanta over the past 90 days.

Southlake Festival, an 81,725-square-foot retail development sold in October, is located in the City of Morrow. Markwordt and Kleinberg represented Wells Fargo Bank, the owner of Southlake Festival. Malon D. Mimms Company purchased Southlake Festival for $1,600,000.

In August, the group's Kleinberg and McGaughy sold Ivy Place, a 122-unit multifamily property in Atlanta, for $8,750,000, and Windmont, a 178-unit multifamily property in Atlanta, for $9,889,000. They represented Equity Residential, the seller of the properties.

"What we're seeing is that despite a slow market, Transwestern is performing for its clients," said Bruce Ford, executive vice president and leader of Transwestern's Southeast region. "We attribute this success to the fact our team relies on a more personal approach with direct solicitation of a highly-targeted list of likely purchaser prospects."

Markwordt, Kleinberg, and McGaughy have almost 70 years of combined experience in the commercial real estate industry, and together have sold more than $3.0 billion in retail, office, multifamily, industrial, and land assets throughout the Southeast.

Transwestern, one of the largest privately held commercial real estate and development firms in the U.S., is focused on creating value for our clients in each local market we serve.

Transwestern's unique business model offers fully integrated real estate services and operates through six distinct functional lines of business - agency leasing, property and facility management, investment services, tenant advisory, development and research - for a broad range of property types, including office, industrial, retail, healthcare and multifamily.

Transwestern leads the industry in sustainability and has received multiple EPA ENERGY STAR®awards. We have partnered with our clients and the USGBC to pursue LEED® certification on projects across the country.

 Please visit us at http://www.transwestern.net/.
Media contact:  Tony Wilbert, twilbert@wilbertnewsstrategies.com
404-888-3091 office, 404-405-3656 cell