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A Goldman Sachs-affiliated REIT purchased an apartment building at 92 West Paces Ferry Road last month for $90.8 million. With 210 units, the transaction equates to approximately $432,000 per unit. Mesirow was the seller.
The nine-story building is within walking distance of Buckhead Village and is part of the Buckhead Plaza development. It offers a mix of one-, two-, and three-bedroom apartments.
According to the Atlanta Business Chronicle, the 2.4-acre property is adjacent to the St. Regis Atlanta and Kolter Urban’s planned 20-story condominium tower at 102 West Paces Ferry Road. Cousins Properties owns One Buckhead Plaza and Two Buckhead Plaza nearby, along with the stand-alone building that houses Chops Lobster Bar.
92 West Paces was built in 2012 by Preserve Properties. Renova One recently renovated the property.
The building last sold for $71.5 million in 2020.
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