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ATLANTA-An affiliate of Hawthorne, NY-based GDC Properties has bought the Heights at Cheshire Bridge, a 318-unit, class-A apartment complex at 2124 Cheshire Bridge Rd NE for $36.1 million or $113,522 per unit. The building was developed by locally based Worthing Cos. in 2001.

Ten penthouses are among the one, two and three-bedroom units. The average apartment is 1,022 sf, and rents for an average $1,259 a month, or $1.23 per sf. The penthouses rent for up to $2.10 per sf, and other three-bedroom, two-bath units rent for up to $1,765 per month.

At the close of the transaction, the property was 95% leased and 94% occupied. Greg Engler, partner, and Pat Jones, manager of Alpharetta, GA-based Moran & Co., represented Worthing Cos. in the sale.

The rental community has gated access and includes a business center and conference room, billiard and bistro room, fitness center, pool, clubhouse and garages.

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