StoneBridge Investments has acquired Spalding Crossing, a 252-unit luxury community that sits between Atlanta’s Sandy Springs and Dunwoody neighborhoods. Equity was provided by an offshore investment group, along with a co-investment by a StoneBridge affiliate based in the Netherlands. SunTrust Bank provided a $24.3 million acquisition loan.
The renovation will involve up to $2.7 million aimed at upgrading both exterior elements and unit interiors. Community amenities include a fitness center, swimming pool, clubhouse, controlled access, barbecue grills and picnic areas, and a complimentary coffee bar.
Photo credit Spalding Crossing