Cushman & Wakefield has arranged the $35.67 million sale of Avenues 85, a 392-unit apartment community located in Northeast Atlanta. Tyler Averitt of Cushman & Wakefield represented the seller, The Walden Group, in the transaction. Emma Capital acquired the property.

“Positioned directly in Atlanta’s northeast path of progress and flanked by a surge of new development in Chamblee, North Druid Hills and Northlake, Avenues 85 provided a unique opportunity to acquire an infill community at a fraction of replacement cost,” Averitt said.

Avenues 85, built in 1967, benefits from outstanding visibility from Interstate85, with daily traffic counts exceeding 200,000 vehicles. Avenues 85 is primed to benefit from an extensive interior value-add initiative and improvements to existing amenities.

Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2017 based on closed transactions, totaling $4.5 billion in sales volume. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.