Cushman & Wakefield Represents Watkins Real Estate Group in Sale of Metro Atlanta Apartment Community

2/3/17

456-Unit TreePark in Flowery Branch Sells for $58.8 million

Cushman & Wakefield’s Atlanta multifamily team has arranged the $58.8 million sale of TreePark, a 456-unit apartment community located in Flowery Branch, Georgia. Brandon Whitesell, Chris Spain, and Alex Brown of Cushman & Wakefield represented the seller, Atlanta-based Watkins Real Estate Group in the transaction. Toronto-based Venterra Realty acquired the property.

“TreePark is an outstanding well-maintained, quintessential suburban asset offering a fantastic value-add opportunity in a rapidly expanding area,” said Whitesell. “With no recent deliveries in Hall County, TreePark’s top-of-market position presented immediate organic rent growth.”

The 38-acre property, built in 2006, is located northeast of Atlanta in the desirable south Hall County area, situated just east of Lake Lanier along the busy Interstate 985 corridor. Amenities include a resort-style decorator clubhouse, an expansive free-form swimming pool, lighted tennis courts, a scenic walking trail, a park area with green space, a hydro-spa, and boat and RV parking areas. The property was 93.4 percent occupied.

For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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