Cushman & Wakefield has arranged the sale of Legacy Key, a 350-unit apartment community located in Sandy Springs, Georgia. Mike Kemether, Josh Goldfarb, and Travis Presnell of Cushman & Wakefield represented the seller, Investors Management Group, Inc., in the transaction. Bridge Acquisitions & Dispositions acquired the property.
“I love the multifamily bet on Legacy Key,” Kemether said. “With all of the technology jobs just north of Legacy Key, and with State Farm’s headquarters, Mercedes-Benz’s headquarters and all of the Perimeter Center jobs just south of the property, its supremely positioned at the pinch-point between these two hubs.”
Legacy Key, built in 1979, recently underwent a $2.14 million repositioning, with approximately $6,000 per unit spent on exterior, interior and amenity renovations.