Cushman & Wakefield has arranged the $34 million sale of Sweetwater Creek, a 240-unit apartment community located in Lithia Springs, Georgia. Josh Goldfarb, Mike Kemether and Travis Presnell of Cushman & Wakefield represented the seller, M. Banks Realty Partners and Sage Equities, in the transaction. InterCapital Partners acquired the property.
“Atlanta’s suburbs, inclusive of Douglas County, continue to benefit from metro Atlanta’s momentous job growth. Residents, with greater discretionary income, seek a better quality of life,” Goldfarb said. “Those communities with upgraded unit finishes and smart amenities attract such residents. The offering of Sweetwater Creek provides an attractive alternative for both residents and the buyer.”
Built in 2002, Sweetwater Creek is located in one of the most prolific and rapidly expanding logistics and distribution hubs – the Camp Creek Parkway corridor, just 15 miles east of the Central Business District. Amenities include a car care center, clubhouse, fitness center, laundry facility, business center, swimming pool, lighted tennis court and a walking/jogging trail.