The RADCO Cos. has sold Spalding Bridge, a 192-unit multifamily complex located at 47 Spalding Trail NE in Atlanta. The property was sold to Chicago-based 29th Street Capital for $38.53 million.
The deal represents the 77th transaction for RADCO during the current real estate cycle, bringing the firm’s total transaction volume to $2.8 billion in sales.
Spalding Bridge was built in 1984, and RADCO acquired the property in 2015. The complex includes spacious one-, two- and three-bedroom apartments with fully equipped kitchens that open to unit living areas, washer/dryer connections, balconies, large closets and extra storage. Residents also enjoy an outdoor lounge with a fire pit, pool with sundeck, tennis courts, fitness center with free weights, and BBQ picnic areas. The property’s “bark park” is a welcome amenity for residents with pets.
The Spalding Bridge complex is conveniently located north of the Atlanta city and offers easy access to GA400 and Int
