COHEN & ASSOCIATES BUYS RENAISSANCE WALK FOR $12.5M

ATLANTA — Los Angeles-based Cohen & Associates has purchased Renaissance Walk, a mixed-use development located at 171 Auburn Ave. NE in Atlanta, for $12.5 million. The original developer sold 21 of the condominium units before converting the remaining 140 units into apartments. Also included in the property is 30,500 square feet of retail space. The apartments are currently 90 percent occupied. CBRE represented both the buyer and the seller in the transaction. Shlomi Ronen of Los Angeles-based Dekel Capital arranged financing.