Cumberland Area Sales

Cumberland Area Sales
2016
2015
2014
2014
1.
2.
3.
4.
Circle 75 Parkway, 57 acres, $34.2 M
Heights at Stillhouse, $71.5 M
The Park at Vinings, $49.5 M
Spring Hill Parkway - 13 acres,
$3.5 M
5. Spring Hill Parkway - 11 acres,
$1.7 M
6. Windy Ridge Parkway 25 acres, $14.9 M
7. Windy Hill Terrace, $7.6 M
8. 1900 The Exchange, Unit 100, $1.1 M
9. The Towers at Wilwood, 3200 Windy Hill
Road, $118 M
10. Red Lobster, 2579 Cobb Pkwy, 3.41 M
11. Oak Park of Vinings, $11.7 M
8
12. Alexan City View, part of 3300
Cumberland Boulevard, $5.6 M
13. Homewood Suites Hilton, $11.8 M
14. CEC Entertainment/Showbiz Pizza
(aka Chuckie Cheese), $2.7 M
56
15. Men’s Warehouse & Chase Bank,
2905-2931 Cobb Parkway, $13.1 M
16. Residence Inn Atlanta Cumberland
Galleria, $12.5 M
18
17. DoubleTree Suites Hilton Atlanta Galleria, $12.6 M
18. 2580 Windy Hill Road, $3.85 M
48
19. Overlook I, $19.3 M
20. Overlook II, $31.5 M
21. Westdale Forest Apartments,
3900 Paces Walk, $27.2 M
22. Gables at Wildwood Apartments, $67 M
23. Cumberland Boulevard - 6.7 acres, $9.2 M
24. Mission Galleria Apartments, $27 M
25. Parkwood Point, $39.25 M
53
10
26. Genuine Parts Headquarters
27. Wildwood - 14.6 acres, $3.3M
43
9
27
29
55
7
260
25
58
59
22
259
35
260
24
54
26
6
259B
1
259A
49
17
2015
52
28. Lakes at Vinings, 2800 Paces Ferry Road, $44.7 M
29. Wildwood - 6.6 acres, $1.5 M
30. Stone Ridge at Vinings, $37.1 M
31. Old Vinings Inn, 3011 Paces Mill, $1.6 M
32. 1100 Overton-Akers Mill - 12.75 acres, $1.9 M
33. Fairfield Inn & Suites Atlanta Vinings, $8.6 M
34. Stillhouse Townhome Development, $2.1 M
35. CRIF Lending Solutions, 280 Interstate
North Circle, $15.5 M
36. Westminister Apartments, $43.5 M
37. Parkway Pointe Retail, $44.3 M
38. Overlook Parkway - 3.14 acres,
$1.7 M
4
39. Riverwood Parcel 5, $7.1 M
40. Riverwood 200, $43.5 M
5
41. Madison Vinings Ridge, $75.5 M
42. 2500 Cumberland Pkwy, $21 M
43. 1220,1250,1310 & 1320 Terrill Mill Rd,
$3.6M
44. Gilmore Rd & Beechhaven Tr.,
$2.05M
45. 300 Galleria to Piedmont 300 ,
$88.3M
46. Paces West, 2727 Paces Ferry,
$112 M
47. Hyatt Hotel, Cumberland Blvd,
33
$26.5 M
16
51
11
44
32
258
50
45
47
14
15
3
259A
13
23
57
30
34
37
40
2
41
39
12
38
19
42
20
46
21
28
36
31
2016
48. MCP Ackerman Corporate Forum LLC to Stadium Walk Apartments LLC, $11.1 M
49. Akers 75 LLC to Akers 75 HOT, $350K M
50. Overton Rise to PAC Overton Rise, $61.1 M
51. Southeast Office Partners to Glenridge LLC, $2.3M
52. Cumberland Marketplace to Grandway Capital Holdings, LLC, $8 M
53. Cumberland Glen Apartments to FPAWC Cumberland, $18 M
54. Interstate N Office Park to Rubenstein, $87M
55. Hilton Garden Inn to ML Wildwood Holdings $14.7M
56. 2015 South Park Place to CNCC Holdings $2.9 M
57. CC Holdings LLC to Cumberland Residential $2.64 M
58. SHI Investment to District at Windy Hill $4.85 M
59. APG Parkwood to Adventus US $14.7M
Cumberland Area Property Sales
2014 Purchase Price - Map Location Number
Overton Rise
January - Circle 75 Parkway, 57 acres - TA Value $325,000 an acre, sold to Atlanta Braves (BRED CO), $34.2 M - 1.
February - Heights at Stillhouse - TA Value $28.5 M, sold to Bells Partners who renames it Bells Vinings, $71.5 M - 2.
March - The Park at Vinings, 3000 Spring Hill Parkway - TA Value $48 M, sold to Vinings Inv, $49.5 - 3.
March - Spring Hill Parkway, 13 acres - TA Value $1.7 M, sold to Core Highpoint, $3.4 M - 4.
March - Sping Hill Parkway, 11 acres - sold to Core Highpoint, $1.7 M - 5.
April - Windy Ridge Parkway, 25 acres - TA Value $325,000 an acre, sold to Atlanta Braves (BRED CO), $14.9 M - 6.
May - Windy Hill Terrace - TA Value $8 M, US National Bank Foreclosure September 2013, sold to DF Windy Hill, $7.6 M - 7.
July - 1900 The Exchange, Unit 100 - TA Value $1.15 M, sold to Richmond Graduate University, $1.1 M - 8.
August - The Towers at Wildwood, 3200 Windy Hill Road - TA Value $89.5 M, sold to Wildwood Owner (Foreign), $118 M - 9.
August - Red Lobster, 2579 Cobb Parkway - TA Value $1.9 M, sold for $3.4 M - 10.
August - Oak Park of Vinings - TA Value $10 M, 168 multifamily units, 14 developed and 2.3 undeveloped acres sold for $11.7 M - 1.
August - Alexan City View, part of 3300 Cumberland Boulevard, 2.7 acres - TA Value $2 M, sold to AV Apartments, $5.6 M - 12.
September - Homewood Suites Hilton - TA Value $7.6 M, sold to Blackstone Real Estate (NY), $11.8 M - 13.
September - CEC Entertainment/Showbiz Pizza (aka Chuckie Cheese) - TA Value $1.7 M, sold to National Retail Properties, $2.9 M - 14.
September - Men’s Warehouse/Chase Bank, 2905 - 2931 Cob Parkway - TA Value $4.6 M, sold to Farmers Branch LLC, $13.1 M - 15.
September - Residence Inn Atlanta Cumberland/Galleria - TA Value $5.3 M, sold to Blackstone Real Estate (NY), $12.5 M - 16.
September - DoubleTree Suites Hilton Atlanta Galleria - TA Value $8.6 M, 2.86 acres sold to Encore, $12.6 - 17.
October - 2580 Windy Hill, Starbucks/Panda Express - TA Value $2.4 M, sold to 2580 Windy Hill Investors, $3.85 M - 18.
October - Overlook I - TA Value $11.8 M, sold to GVAOII, Goddard Investment Group, $19.3 M - 19.
October - Overlook II - TA Value $24.2 M, sold to GVAOII, Goddard Investment Group, $31.5 M - 20.
October - Westdale Forest Apartments, 3900 Paces Walk - TA Value $15.1 M, 308 multifamily units, sold for $27.2 M - 21.
October - Gables at Wildwood, 1000 Shadowood Parkway - TA Value $50.7 M, 546 multifamily units, sold for $67 M - 22.
October - Cumberland Boulevard, 6.7 acres - TA Value $5.9 M, sold to Oxford Encore Apartments, $9.2 M - 23.
November - Mission Galleria Apartments, Herodian Way - TA Value $18.4 M, 416 multifamily units, 85% occupied, sold for $27 M - 24.
December - Parkwood Point, 2018 Powers Ferry - TA Value $35.2 M, sold to NP Parkwood, $39.3 M - 25.
December - Genuine Parts Headquarters - sold to Atlanta Braves (BRED CO), Part of sponsorship deal - 26.
December - Wildwood, 14.6 acres - TA Value $2.5 M, sold to JWC Rivers Call LLC for townhome development, $3.3 M - 27.
2015 Purchase Price - Map Location Number
1100 Overton
Riverwood 200
February - Lakes at Vinings, 2800 Paces Ferrry Road - TA Value $43.8 M, multifamily development on 38 acres, sold for $44.7 M - 28.
February - Wildwood, 6.6 acres - TA Value $1 M, sold to Genuine Parts for 6-story 200 K sq ft headquarters, $1.5 M - 29.
February - Stone Ridge at Vinings - TA Value $37.1 M, sold to Stone Ridge LP & Stone Ridge Vinings, $37.1 M - 30.
February - Old Vinings Inn, 3011 Paces Mill - TA Value $750 K, sold to Panacea Land Management Group, $1.6 M - 31.
March - 1100 Overton -Akers Mill, 12.75 acres - sold to Akers 75 LLC for $149 K an acre, TA Value $.8K $1.9 M - 32.
April - Fairfield Inn & Suites Atlanta Vinings - TA Value $7.3 M, sold to ARC Hospitality Portfolio, $8.6 M - 33.
April - Stillhouse Townhome Development - Total TA Value for 39 townhomes $1.25 M, sold 18 TH lots to Traton Homes, $2.1 M - 34.
June - CRIF Lending Solutions, 280 Interstate North Circle - TA Value $9.8 M, sold to CRIF Solutions for new US headquarters, $15.5 M - 35.
June - Westminister Apartments - TA Value $25. 8 M, sold to Wicker LLC, $43.5 M - 36.
June - Parkway Pointe Retail - TA Value $24.9 M, sold to Parkway Pointe FCA, $44.3 M - 37.
June - Overlook Parkway, 3.14 acres with tennis courts - TA Value $193 K, Atlantic Capital Bank to Vinings Overlook LLC, $1.7 M - 38.
June - Riverwood Parcel 5 - TA Value $1.7 M, sold to Bayrock Investment, $7.1 M - 39.
June - Riverwood 200 - TA Value $2.9 M, sold to Highwood Properties, $3.4 M - 40.
September - Madison Vinings Ridge - TA Value $53.7 M, sold to Titan Real Estate Investment Group, $75.5 M - 41.
September - 2500 Cumberland Pkwy - TA Value $13.8 M, sold to Noro Isle, LLC, $21 M - 42.
September -1220, 1250, 1310, & 1320 Terrell Mill Rd., sold to Pulte Homes, TA Value $2.6M, sold to Pulte Homes, $3.6M - 43.
September - Gilmore Rd & Beechhaven Tr. TA Value $.674 M, sold to Pulte Homes, $2.05M - 44.
November - 300 Galleria, TA Value $52M, sold to Piedmont 300, $88.3M - 45.
November - Paces West, 2727 Paces Ferry Road, $112 M - 46.
December - Hyatt Hotel, Cumberland BLVD, $26.5 M - 47.
2016 Purchase Price - Map Location Number
January - MCP Ackerman Corporate Forum LLC - TA Value $9.9 M, sold to Stadium Walk Apartments LLC, $11.1 M - 48.
January - Akers 75 LLC-TA Value $77K Sold to Akers 75 HOT, $350K - 49.
February - Overton Rise - TA Value $43.7 M, sold to PAC Overton Rise, $61.1 M - 50.
February - Southeast Office Partners - TA Value $1.5 M, sold to Glenridge LLC $2.3 M - 51.
February - Cumberland Marketplace - TA Value $3.9 M, sold to Grandway Capital Holdings, LLC, $8 M - 52.
March - Cumberland Glen Apartments - TA Value $10 M, sold to FPAWC Cumberland, $18 M - 53.
April - Interstate North Office Park - TA Value $91 M, sold to Rubenstein, $87 M - 54.
April - Hilton Garden Inn - TA Value $9.7 M, sold to Wildwood Holdings, $14.7 M - 55.
April - 2015 South Park Place- TA Value $2.9 M, sold to CNCC Holdings, $2.9 M - 56.
April - CC Holdings- TA Value $2.1 K , sold to Cumberland Residential, $2.9 M - 57.
May - Shi Investments TA Value $2.49 M to District at Windy Hill, $4.85 M - 58.
May - APG Parkwood TA Value $34.7 M to Adventus US, $39 M - 59.
Wildwood Office Park
In 2016, over $250 million in commercial properties sold to date in the Cumberland CID area. The
average sale price has been 252% above TA value. Since 2013, over $1.8 billion in commercial properies have sold in the CCID.
This list is gathered through the public records for Cobb County and does not claim to be exhaustive.
Some property sales involved multiple parcels.