News
Atlanta Commercial Real Estate

RADCO Buys Big Norcross Complex

Norman Radow is at it again, this time in Norcross. RADCO Cos just purchased Alderwood at the Lake, a massive  640-unit apartment complex in Norcross for $22M. Norman tells us "we are intimately familiar with the Georgia marketplace and have invested a significant amount of capital into the community." It's an understatement, as Norman has amassed 4,000 units in more than 20 communities in the Southeast. (It's getting easier to just ask which units RADCO doesn't own.)With an improving local job market—and that a Super Walmart is within walking distance of the property—Norman says Alderwood has upside potential for the firm. "Increased amenities and targeted upgrades will be part of the value-added plan," he says. The property is more than 95% leased.

Continue reading this story with a free account

Log in or register
Related Topics: Norman Radow , RADCO Cos , Super Walmart
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Thor Equities Plans $1B Data Center In North Georgia: The Atlanta Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Solar Projects In Georgia Meet Local Backlash As Data Centers Drive Demand For Power

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds