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The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 240-unit ARIUM Homeplace apartment community located in the highly desirable Prattville, Alabama. Prattville has observed 40% population growth since 2000, and James Hardie just announced a $220M project (200+ new jobs) just 2.5 miles southwest of the subject. This asset is situated within the master-planned Homeplace community, consisting of nearly three million square feet of retail space, Capitol Hill Golf Club, upscale residential, and a Marriott hotel. Built in 2014, ARIUM Homeplace offers the investor the opportunity to acquire Prattville’s premier multifamily community, boasting Humphrey’s Big House Design and top tier luxury amenities. The next investor will be acquiring an asset with a powerful lease trajectory and a track record of collections growth.
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Sold
ARIUM Homeplace
240 Units
790 Old Quarters Road
Prattville, AL  36066
Type: Conventional
Closed: 12/21/2017
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 168-unit Ashford Place apartment community located in Mobile, Alabama. This asset is situated in the highly sought-after West Mobile submarket, home to key economic drivers such as Providence Hospital (1,550 jobs), Publix & Whole Foods, University of South Alabama, Mobile Regional Airport, and over 3 million square feet of quality retail. Built in 1983, Ashford Place is generating exceptional demand from the rental market and has operated at economically full occupancy over the past year. With upward market pressure, the next investor will be able to capitalize by renovating the all original interiors to create additional value.
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Sold
Ashford Place
168 Units
6075 Grelot Road
Mobile, AL  36609
Type: Conventional
Closed: 6/20/2018
The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 30-story City Center, an adaptive re-use opportunity located in Birmingham, AL. Comprised of nearly 700,000 square feet of vacated space in the heart of Downtown, City Center offers a once-in-a-cycle opportunity to acquire a large scale re-use project with unlimited future potential. Historically utilized as office space for AT&T, the next investor can modify the interior shell of City Center to open the doorway for multifamily, condos, class A office space, and boutique retail. With an 87 walkability score and heavy barriers to entry, City Center is in a profitable position for adaptive re-use. City Center, if converted to multifamily, would also offer the best walkability to the Central Business District and to the upcoming $300M BJCC project (new stadium, massive existing upgrades).
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Sold
City Center
325 Units
600 19th Street North
Birmingham, AL  35203
Closed: 11/1/2018

Offers due by Friday, July 15, 2016

Property Tours:
  • Thursday, June 16, 2016
  • Thursday, June 23, 2016
  • Thursday, June 30, 2016
  • Thursday, July 7, 2016
  • Thursday, July 14, 2016

Please contact one of the brokers listed on this page to discuss or schedule a tour.

Cushman & Wakefield is excited to present the 180-unit Grande Pointe apartments on the affluent eastern shore of Mobile Bay, in Daphne, Baldwin County, Alabama. Strategically located in a destination retail district known for its high quality of life and higher household incomes, Grande Pointe is nine miles east of downtown Mobile via direct highway access. Average income within a three-mile radius of the subject is $83,792, which is significantly higher than the metro average of $45,100. Grande Pointe residents also enjoy proximity to Gulf Coast beaches and the top schools in the Mobile MSA.
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Sold
Grande Pointe
180 Units
133 Lake Front Drive
Daphne, AL  36526
Type: Conventional
Closed: 1/17/2018