Press Release | RADCO Sells Two Multifamily Buildings in Greater Atlanta to Viking Capital for $96.5 Million

The RADCO Companies (RADCO),?one of the nation’s leading opportunistic real estate developers, announced the sale of the Crossings at McDonough and the Crossings at Eagle’s Landing in Stockbridge to Viking Capital, a multifamily-focused real estate syndication firm, for $96,500,000 in two transactions.

Collectively the two properties include 419 one-, two- and three-bedroom apartments, many with sunrooms and balconies.

RADCO was represented in both transactions by CBRE brokers Shea Campbell, Colleen Hendrix, and Ashish Cholia.

“I congratulate Viking on the acquisition of our Henry County Georgia portfolio,” said?Norman Radow, CEO of The RADCO Companies.?“These communities are beautiful, well located, exceptionally managed and poised for future success. With the sale of these assets, RADCO has completed over 100 deals in the last decade totaling more than $3.3 billion.”

The Crossings at McDonough Apartment Homes at 100 Crossing Blvd. sold for $57,250,000. The complex includes 252 units and features a pool with an extended sundeck, a poolside BBQ and picnic pavilion, a firepit, a bark park area for pets, a fitness center with cardio and yoga, an internet café, walking trails, a car care center, a playground, and private garages. Nearby venues include you-pick fruit orchards, golf, and a nature center designed to protect and enhance nearby wetland environments.

Located just minutes from historic downtown McDonough, the Crossings are close to numerous dining, shopping, and entertainment options, with quick access to Henry Parkway, I-75, GA Highways 23 and 155. Touted as a “town for all seasons,” McDonough hosts multiple music and craft festivals throughout the year.

The Crossings at Eagles Landing at 700 Rock Quarry Road in Stockbridge sold for $39,250,000. The pet-friendly property includes 167 apartments, with community amenities that include tennis, basketball, a resort-style swimming pool, fitness center, internet café, poolside outdoor kitchen, and sports field.

Located about 20 miles southeast of Downtown Atlanta, Stockbridge is a scenic suburb known for its welcoming community, outdoor recreation, and small-town hospitality. Stockbridge residents enjoy a peaceful atmosphere along with quick access to world-class metropolitan amenities via Interstates 75 and 675.

Syndicated from Real Estate Weekly.