ECI Group Sells Lithia Springs & Norcross Multifamily Portfolio For $124.75M

A multifamily property located at 100 Columns Drive in Lithia Springs, GA and 3400 Peachtree Corners Circle in Norcross, GA has been sold. The property consists of 574 units and was sold by ECI Group, represented by Scott Levitt. The sale was facilitated by brokers Jason Nettles and Megan Thompson from NorthMarq, along with Kevin Geiger from CBRE. The transaction took place on December 30, 2021, and the sale price was recorded at $124,750,000. This translates to an average price per unit of $217,334.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $124,750,000
• Address:
  • 100 Columns Drive, Lithia Springs, GA
  • 3400 Peachtree Corners Circle, Norcross, GA
• Market: Lithia Springs & Norcross, GA
• Seller: ECI Group - Scott Levitt
• Brokers:
  • Jason Nettles & Megan Thompson - NorthMarq
  • Kevin Geiger - CBRE
• Units: 574
• Price Per Unit: $217,334

The sale of this multifamily property involved significant players in the industry, including Scott Levitt representing the seller, ECI Group. The transaction was successfully executed with the assistance of Jason Nettles and Megan Thompson from NorthMarq, as well as Kevin Geiger from CBRE. The involvement of these experienced brokers highlights the importance of their expertise in facilitating such transactions.