The Shoptaw Group Sells Apartment Community in Metro Atlanta for $17.8M

STOCKBRIDGE, GA. — Atlanta-based The Shoptaw Group has sold Southwinds Stockbridge Apartments, a 240-unit multifamily community located at 50 Evergreen Way in Stockbridge, roughly 20 miles south of Atlanta. PointOne Holdings LLC purchased the property for $17.8 million. Built in 1993 and renovated in 2007, Southwinds Stockbridge features a gated entrance, pool with sundeck, club room, conference center with coffee bar, lighted tennis courts and a fitness center. The property’s units have crown molding, accent walls, custom cabinetry, double stainless steel sinks, washer/dryer connections and private patios/balconies. Mike McGaughy and Jon Kleinberg of Transwestern represented the seller in the transaction.