News
Atlanta Commercial Real Estate

GLADI-BOUGHT IT

A northeastern multifamily investor is living it up '70s style in Atlanta. Newark-based Gladiator LLC purchased Lake Colony Apartments (pictured here), a 172-unit community off Lake Colony Drive in Norcross for $5.3M. CBRE's Brad Simmel and Shea Campbell brokered the sale. Gladiator's Mark Mahony sees Atlanta "poised for a strong rebound in the next several years." The REOseller was Aurora Bank, according to Databank.

Continue reading this story with a free account

Log in or register
Related Topics: Brad Simmel , Shea Campbell
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

2 Steakhouses Land New Leases: The Atlanta Deal Sheet

Houston CRE Firms Turn To Contractors As They Look To Scale

The Revitalization Of Sugar Creek On The Lake, A Premier Waterfront Property In Greater Houston

Illinois' Record Storm Season May Be Changing The Risk Equation For CRE

10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds

Investor Pays $98M For Foreclosed Downtown Atlanta Apartment Tower

Microsoft Moves To Undo Local Tax Breaks For Atlanta Data Center Projects

ICE Pivot From Warehouse Plan Funnels Cash To Private Prison Owners

Portman's Ten Twenty Spring Nabs Refinancing: The Atlanta Deal Sheet

Blackstone Vice Chairman Tom Nides On Leadership And The Future Of CRE

California Real Estate Exec Charged In Child-Safety Sting

CRE Leaders Stress Importance Of Adaptability As DFW Continues To Grow