CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges Sale of The Hill

Savannah Durban • 1/22/2020

The Hill is Located in Atlanta’s Prime Medical Corridor

Atlanta, January 22, 2020 - Cushman & Wakefield has arranged the sale of The Hill, a 287-unit apartment community located at 1160 Johnson Ferry Road NE in Atlanta, Georgia. Robert Stickel, Chris Spain, and Alex Brown of Cushman & Wakefield represented the sellers, North American Properties and an affiliate of Morgan Stanley Real Estate Investing, in the transaction. Cortland acquired the property.

“North American Properties looks forward to watching The Hill continue to exceed expectations under the guidance of Cortland,” said Richard Munger, Managing Partner of North American Properties. “The development of The Hill has set a new standard for resident experiences and neighborhood engagement directly serving the ‘Pill Hill’ medical community in Sandy Springs.”

Mike Altman, Chief Investment Officer of Cortland said “The Hill is a generational asset in a core location. The physical product is exceptional, and our team is excited to curate an excellent resident experience for years to come.”

The Hill’s strategic position within Pill Hill, Atlanta’s medical powerhouse, benefits the property immensely with more than 20,000 healthcare jobs in a half-mile radius, as well as superior access to Atlanta’s top employment and entertainment districts. The property’s residential setting has a distinctly unique neighborhood feel and boasts an impressive average household income of more than $157,000.

“Both NAP and Cortland saw the unique advantages of the only asset adjacent to Atlanta’s largest medical campus featuring three hospitals and additional related office space,” Stickel said. “The Hill benefited from this fortress location with high barriers to entry and saw tremendous resident demand that will continue to drive growth for many years to come.”

The Hill is shielded from new supply with no developable sites available in the immediate area and significant municipal zoning restrictions in the city of Sandy Springs.

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on more than $4.8 billion in multifamily investment sales through the third quarter (Source: Real Capital Analytics www.rcanalytics.com). Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit https://multifamily.cushwake.com External Link.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS