Gwinnett County Rental Asset Trades for $67.2M
A 352-unit multifamily development in the Gwinnett County town of Lawrenceville has sold for $67.2 million. The Atlanta Business Chronicle reports that Oxford Properties was the seller and Sherman Residential was the buyer. The rental community is on land on the site of the former Northwoods County Club golf course. Lawrenceville is 30 miles NE of Atlanta.
Developed by Oxford Properties in 2023, Celadon on Club features units with one-, two- and three-bedroom layouts. Community amenities include a 3,000-square-foot resort-style pool, a golf simulator and 16 acres of dedicated green space.
Sherman Residential also owns two other apartment communities in the Atlanta metro area, as well as additional multifamily assets in North Carolina, Tennessee, Missouri, Arizona and Texas.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout