ATLANTA — Cocke Finkelstein Inc. (CFI) has purchased Solace on Peachtree, an 18-story, 533-unit apartment tower located at 710 Peachtree St. N.E. in Midtown Atlanta. CFI purchased the asset from Lubert-Adler Real Estate Funds for an undisclosed amount. Mike Kemether, Chris Spain and Brandon Whitesell of Cushman & Wakefield’s (C&W) Atlanta office represented Lubert-Adler in the transaction. Additionally, Mike Ryan, Telly Fathaly, Brian Linnihan and Jeff Walker of Cushman & Wakefield’s equity, debt and structured finance team arranged a $43.6 million acquisition loan on behalf of CFI. C&W originated the GSE loan through its correspondent lender, Walker & Dunlop. Renovated in 2009, Solace on Peachtree was 96 percent occupied at the time of sale. The high-rise features a fitness center, clubroom with a business center and an updated rooftop deck.
Renovated in 2009, Solace on Peachtree in Midtown Atlanta was 96 percent occupied at the time of sale.
CFI Buys Apartment Community in Midtown Atlanta, C&W Arranges $43.6M Acquisition Loan
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