Coro Realty Advisors Announces the Sale of Georgian Hills Apartments
ATLANTA, Dec. 13, 2012 /PRNewswire/ -- Coro Realty Advisors, LLC announces the sale of Georgian Hills Apartments, located at 1185 Collier Road, Atlanta, Georgia 30318. Georgian Hills is an apartment community with 250 units.
Georgian Hills, an 18.66 Acres site was sold for redevelopment to Atlantic Realty. Georgian Hills, a 250 unit apartment complex, built in the 1960's, was a well located community that had outlived its time and was ripe for redevelopment following a rezoning in 2008 allowing for higher density. The rezoning, crafted through cooperation with the neighborhoods surrounding the property, calls for multi-story apartments on the 8.99 acres located on the western portion of the property, where Atlantic intends to build 288 apartments. The eastern 9.67 acres were sold to a venture by John Wieland to build 51 single family and townhome units. The total sales price of the property was $10,100,000.00; both transactions were brokered by Rich Arrol with Major & Arroll, LLC
Coro Realty Advisors, LLC was founded in 1997 and is synonymous in Atlanta and throughout the Southeast with intelligent real estate development and investment. With a commitment to smart growth, the urban landscape, and innovation, incorporating distinctive architectural designs and the latest in building trends and technology, Coro continues to demonstrate its leadership in the market with the successful execution of quality developments. The firm provides Asset Management, Property Management, Leasing and Real Estate Advisory Services for a myriad of residential and commercial properties throughout the Southeastern United States.
For More Information Please Contact:
Coro Realty Advisors, LLC.
3715 Northside Parkway
400 Northcreek – Suite 100
Atlanta, Georgia 30327
SOURCE Coro Realty Advisors, LLC