Northmarq brokers $50 million sale of Point at Westside in Atlanta, Georgia
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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
