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 lilli Midtown

2/21/2020
Cushman & Wakefield has arranged the sale of lilli Midtown, a 147-unit boutique trophy high-rise tower located in the heart of Midtown Atlanta.

ATL lilli Midtown building

ATLANTARobert Stickel, Alex Brown and Chris Spain of Cushman & Wakefield represented the sellers, JPX Works, Mariner Group and ELV Associates, in the transaction. Oxford Properties Group acquired the property, which also includes 3,965 square feet of retail space.

“Completing lilli Midtown on its tiny .33-acre site required a huge amount of creativity and hard work from our team, and the cooperation of our city government, county government and Midtown Alliance,” said JPX Founder Jarel Portman. “We’re all tremendously proud of this project and are thrilled to see it land in the capable hands of Oxford Properties Group. They have the forward-looking vision to ensure this unique asset continues to thrive.”

“lilli Midtown embodies a visionary plan from distinguished developers, JPX Works and Mariner Group, directly in the path of growth for Midtown Atlanta,” Stickel said. “The property attracted a broad spectrum of investors, including international capital targeting the Sunbelt region. The buyer chose to enter Atlanta’s multifamily market, compelled by strong fundamentals and future upside.”

lilli Midtown exemplifies brilliant architecture and top-notch finishes that attract an elite demographic at the crosshairs of the prominent Peachtree Street and Ponce De Leon corridors. lilli Midtown offers an unparalleled and luxurious lifestyle with sought-after culture and is anchored by numerous office and retail developments with 11,000 new jobs arriving within three blocks over the next three years.

“lilli Midtown is an exceptional asset that raised the bar for multifamily design,” Brown said. “The boutique nature of this property and striking architecture attracted a high-end resident seeking an intimate living environment. Investors were also drawn to Midtown’s incredible job growth story, which is one of the strongest in the country.”

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (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.

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