CBRE Brokers Sale of 461-Unit AMLI at Milton Park Apartment Community in Alpharetta, Georgia
ATLANTA, GA - CBRE, Inc. announced the sale of the multifamily property AMLI at Milton Park in Alpharetta, Ga. Renamed Lakeside at Milton Park, the 461-unit mixed-use complex was purchased by Olen Properties. CBRE’s Paul Berry, Ashish Cholia, Malcolm McComb and John Whitlow represented the seller, a venture of AMLI Residential and Northwestern Mutual .Completed in 2004, AMLI at Milton Park was far ahead of its time. The overall Milton Park development utilized its highly landscaped street grid to combine class A apartments, class A office, for-sale residential and a picturesque park with lake into one of Metro Atlanta’s most pleasing mixed-use environments. The apartment buildings themselves reflected classical architecture inspired by Charleston’s “Rainbow Row,” creating the look of dozens of attached urban row homes . The underlying buildings, however, possessed the layouts and modern operational efficiencies of institutional grade garden apartments . That combination, plus...