Northmarq brokers $50 million sale of Point at Westside in Atlanta, Georgia

Point at Westside
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
Other
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ATLANTA, GEORGIA (February 8, 2022) – Megan Thompson, senior vice president and Jason Nettles, managing director of Northmarq’s Atlanta investment/sales team completed the $50 million sale of Point at Westside. The 267-unit multifamily property (built in 2004) is located at 370 Northside Drive Northwest, Atlanta, Georgia.

Northmarq represented Waypoint Residential, a Florida based investor, in the sale. “Point at Westside is located directly on the Atlanta Beltline providing walking access to Westside Reservoir Park and Mercedes-Benz Stadium. The upside potential is substantial with 80% of the units poised for upgrades, said Thompson.

Point at Westside is located off Northside Drive and perfectly positioned between Atlanta’s job hubs: West Midtown, Georgia Tech and Atlanta’s downtown entertainment district. The property consists of one elevatored building containing amenities of swimming pool, clubroom and fitness center while the second building is a three-story with structured parking and courtyard. 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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