CFI Announces Sale of Collier Lofts
CFI announces sale of Collier Lofts located in Buckhead's Upper West Side
ATLANTA--(May 18, 2016)-- Cocke Finkelstein, Inc. (CFI), in conjunction with its JV partner, Enfold Properties, would like to announce the sale of Collier Lofts. Located between the burgeoning West Midtown and Buckhead submarkets, Collier Lofts is part of a wave of high end apartment communities that make up the new in town submarket being billed as “The Upper West Side.” Delivered in 2014, Collier Lofts leased up at a swift pace, and has since seen continued rent growth, further illustrating demand for apartments in Atlanta. CFLane, the wholly owned management affiliate of CFI, handled the lease up and management at Collier Lofts. CFLane currently manages over 30,000 units comprised of a diverse portfolio ranging from Class C to Class A Lease-Ups.
“We are thrilled to celebrate the success of this project and to work collaboratively with the buyer on this purchase. This is a solid win for all involved.”
Collier Lofts represents the first of two joint venture developments between CFI and Enfold Properties. The community was thoughtfully designed with a modern industrial influence. A contemporary look and feel inside, coupled with a ¾ acre dog park in the rear of the property, helped create the unique experience that CFI and Enfold envisioned for the diverse neighborhood. Cushman Wakefield marketed the investment on behalf of the seller. The buyer of Collier Lofts was represented by Shea Campbell with CBRE. “We are thrilled to celebrate the success of this project and to work collaboratively with the buyer on this purchase. This is a solid win for all involved,” states CFI’s Chief Investment Officer, Neil Herceg.