Richard Price Of Mesirow Acquires 320-Unit Multifamily Property In Midtown Atlanta For $132M

The 320-unit Sixty 11th Apartments, located at 60 11th Street Northeast in Atlanta, GA, was sold for $132 million. This multifamily asset, spanning 1.25 acres, features a 20-story tower that was completed in 2016 as part of the 12th & Midtown mixed-use development. It also comprises 15,000 square feet of ground-floor retail and restaurant space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $132,000,000
• Units: 320
• Price Per Unit: $412,500
• Seller: 60 11th Street LLC
• Buyer: Richard Price - Mesirow

The property was sold by 60 11th Street LLC, which is a joint venture involving Daniel Corp., Selig Enterprises, and MetLife. Richard Price represented Mesirow in the acquisition of the property, marking a significant addition to their portfolio in the Atlanta market.