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| The Residence Buckhead Atlanta, East Paces Ferry Road NE, Atlanta, GA |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged the $136.5 million sale
of The Residence Buckhead Atlanta, a
370-unit, luxury high-rise apartment community situated within the Buckhead
Atlanta mixed-use development in Atlanta, Georgia.
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| Megan Thompson |
HFF marketed the asset
exclusively on behalf of the developer, OliverMcMillan, to Simpson Housing®
LLLP (Simpson Housing). HFF previously worked
on behalf of the developer to arrange construction financing funding the
development of Buckhead Atlanta in 2013.
Completed in late 2014,
The Residence Buckhead Atlanta (The Residence) is the residential cornerstone
of Buckhead Atlanta, OliverMcMillan’s award-winning mixed-use project.
Located along East Paces Ferry Road NE in the
exclusive Buckhead neighborhood, The Residence encompasses two 20-story towers
featuring luxury finishes and unrivaled amenities, including a resort-style
pool, manicured courtyard, state-of-the-art fitness center, theatre, study,
conference room, demonstration kitchen and concierge service.
Buckhead Atlanta blends sophisticated architectural design, artful storefronts, rich amenities and lush landscaping to comprise the ultimate street scene dynamic in the southeastern United States.
The luxury project has 300,000 square feet of
upscale, open-air retail and eateries leased to high-end tenants including
Hermès, Christian Louboutin, Tom Ford, Jimmy Choo, Warby Parker, Diptyque,
Brunello Cucinelli, Flywheel, Doraku Sushi, Gypsy Kitchen, Le Bilboquet, The
Southern Gentleman and Shake Shack.
Additionally, the project is home to 100,000
square feet of boutique office space serving as the corporate headquarters of
Spanx Inc.
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| Jason Nettles |
“This sale highlights the
strength of Atlanta’s rental market and its ‘renter-by-choice’ demographic as
well as the capabilities of all the parties involved in this transaction,” said
Nettles.
“OliverMcMillan delivered the premier
multi-housing asset in the southeast with this project, and a Simpson Housing
joint venture executed flawlessly in adding to their portfolio of best-in-class
assets.
“Bolstered by the strength
of the neighboring Shops Buckhead Atlanta, The Residence represents a landmark
investment in luxury multi-housing amid a trophy mixed-use environment."
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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