Cushman & Wakefield has arranged the $51.0 million sale of The Reserve at Gwinnett, a 370-unit apartment property located in Norcross, Georgia. Mike Kemether, Josh Goldfarb and Travis Presnell of Cushman & Wakefield represented the seller, Duck Pond Realty Management LLC. Broadtree Residential, Inc. acquired the property.
“Gwinnett County continues to be one of Atlanta’s top performing submarkets, especially along the Interstate 85 corridor,” Kemether said. “With Gwinnett boasting a pro-business government, improving transportation infrastructure, a population of well over one million people, and minimal new multifamily development activity, The Reserve at Gwinnett will continue to perform well as one of the newest and nicest properties in the area.”
Built in 1999, The Reserve at Gwinnett offers a superior physical product in the submarket. The property boasts a solid foundation of hardiplank with stacked stone accents, and offers an extensive amenity package, as well as spacious floor plans. Community amenities include a new fitness center, attached and detached garages, car care center, controlled access gates with video, dog park, swimming pool, and two lighted tennis courts.