ATLANTA—Atlanta’s multifamily market continuesto gain momentum with the sale of Axis at Perimeter. Developed byLane Companies, Prudentialsnapped up the luxury multifamily asset for anundisclosed amount.
Jones Lang LaSalle managing directorsDerrick Bloom and David Gutting,along with associate Elliot Howell, led team onthe transaction. Axis at Perimeter is a 312-unit, class AAmultifamily community in the heart of PerimeterCenter.
“We saw strong interest from institutional investors seeking toacquire a well located, high-quality, core asset like Axis,” Bloomtells GlobeSt.com. “Perimeter Center is a very strong Atlantasubmarket. Assets for sale here generally earn a lot of interestdue to its strategic location at GA 400 and I-285, the blue-chipjob base, and the strong demographics in the area.”
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