480-Unit Suburban Atlanta Apartment Community Trades Hands, CBRE Represents Seller

05 Jun 2018

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CBRE has arranged the sale of Manchester at Mansell, a 468-unit multifamily property adjacent to Atlanta’s premier suburb, Alpharetta, at 401 Huntington Drive in Roswell, GA. The gated apartment community is situated just three miles from the new Alpharetta City Center development with restaurants, retail and housing components.

CBRE’s Kevin Geiger led the team that represented the sellers, Titan Real Estate and Investcorp International, in this transaction. CBRE’s Richard Jordan arranged acquisition financing for the buyer.

“The community is surrounded by major employers such as General Motors, AT&T, and Jackson Healthcare, which recently announced an expansion designed to accommodate 1,400 additional employees over the next five years. These are all great amenities that make this offering a unique investment opportunity in a high-barrier location,” said Mr. Geiger, vice chairman at CBRE. “In addition to the thousands of high paying technology jobs drawn to the area, Alpharetta is also a wonderful place to raise a family. Manchester at Mansell is located within highly-amenitized, rapidly urbanizing surroundings including the Alpha Loop, Big Greek Greenway, Alpharetta’s new food hall ‘The Daily’, and Encore Park and Topgolf.”

Over the last 24 months, the North Fulton office market has completed nearly 2.8 million sq. ft. of lease transactions, exceeding Midtown, Buckhead, and Cumberland/Galleria. Due to a robust technology infrastructure, more than 600 technology companies call Alpharetta home, including 15 enterprise and co-location data centers.

Completed in 1984, the Manchester at Mansell’s amenities include a clubhouse, two swimming pools, two tennis courts, a fitness center, playground, cyber café, sand volleyball court, and mature landscaping.

About CBRE Group, Inc.
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.