THE ESTATES AT CROSSROADS SELLS FOR $35.9 MILLION

DULUTH, GA. — Chicago-based Benjamin Sherman & Sons has acquired The Estates at Crossroads, a 344-unit apartment community located at 2620 N. Berkley Lake Rd. in Duluth, for $35.9 million. Completed in 2002, the property consists of 13 two-, three- and four-story buildings, which offer 339,878 square feet of rentable space. The property also features a clubhouse with a business center, conference room, entertainment room and coffee bar; a resort-style swimming pool with a deck and gas grills; a nature walking trail and stream; detached private garages; and a lighted tennis court. On behalf of the seller, Fort Wayne, Ind.-based The Lincoln National Life Insurance Co., Art Wadlund of Hendricks & Partners’ Tucson, Ariz., office, along with Greg Engler and Pat Jones of Atlanta-based Engler Financial Group, negotiated the transaction