CBRE Arranges Sale of 352-unit Eon at Lindbergh apartments in Atlanta
15 Dec 2021
Atlanta – December 15, 2021 – CBRE has announced the sale of Eon at Lindbergh, a 352-unit midrise apartment complex in the Lindbergh neighborhood of Atlanta.
Ashish Cholia, Colleen Hendrix, Don Hoffman and Shea Campbell of CBRE Southeast Multifamily arranged the sale on behalf of Berkshire Residential Investments. The complex was acquired by Castlegate Property Group.
Located at 2450 Camellia Lane NE, Eon at Lindbergh includes a mix of one- and two-bedroom units with an average unit size of 902 sq. ft. Built in 2010, the community features amenities like a yoga and stretch studio, fitness center, two resort-style pools, a cyber café with Wi-Fi and underground parking. The property also sits within a short distance of the Lindbergh Center MARTA station.
“Eon’s intown location, which sits just a few hundred feet from the Lindbergh Center MARTA station, was very appealing to investors,” said Ashish Cholia, Executive Vice President of CBRE Southeast Multifamily. “With its great location and the continued demand being seen for apartments throughout Atlanta, this turned out to be a fruitful transaction for all parties involved.”
As part of their investment strategy, the new owners of Eon at Lindbergh plan to invest around $25,000 per unit into the property, which will include both interior unit and amenity upgrades.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.