ATLANTA – November 1, 2018 – Berkadia today announced the $22.6 million sale of Woodlawn Park, a garden-style multifamily property in McDonough, Georgia. Senior Managing Directors Paul Vetter and Andrew Mays, Senior Director Judy MacManus and Director Matt White of the Atlanta office completed the sale on behalf of the seller, Atlanta-based Landbridge Development, LLC. The buyer was Aspen Square Management, based in Massachusetts, and the deal closed on October 8.

“There is growing interest in high-quality real estate assets located in the south side of metro Atlanta like Woodlawn Park,” said Mays. “Garnering even more appeal, the new construction of the Henry County Middle and High School campus, located across from the property, made the investment fit our buyers’ needs while also fueling more interest in surrounding deals.”

Built in 2004 and located at 100 Woodlawn Park Drive, Woodlawn Park features 240 units with one-, two- and three-bedroom floor plans. The apartments include hardwood floors, vaulted ceilings, walk-in closets and fully-equipped kitchens. Residents also have access to several on-site amenities, including a pool, a playground, a tennis court, a clubhouse and a 24-hour fitness center. Woodlawn Park affords convenient access to downtown Atlanta, which is thirty-five miles away.