Marquis Investments Purchases Kings Bridge
Posted on December 20, 2012
December 20, 2012 (Roswell, GA). Marquis Investments, Duke Homes and Duke Land Group, affiliates of Crown Holdings Group, announced that they have joined forces and acquired over 100 acres at the intersection of GA 400 and Holcomb Bridge Road in one of Atlanta, Georgia’s fastest growing suburbs of Roswell, GA. Kings Bridge was sold by North Fulton I, LLC and was purchased with cash and bank debt from Northstar Realty Finance Corporation. The property contains an apartment complex which has been renamed Marquis Trace. Marquis Trace apartments are a 312 unit complex made up of 1, 2 and 3 bedroom apartments as well as 2, 3 and 4 bedroom townhome apartments. Located near the Chattahoochee River, Marquis Trace has a pool and a clubhouse facility on its lakefront.
Blair Schlossberg, founder and co-manager of Crown Holdings Group, commented, “This is an excellent purchase for our companies. It utilizes the expertise of Marquis Investments and Star Residential on the multifamily portion of the property. In addition, it offers Duke Homes and Duke Land Group the capability to re-entitle and develop the over 70 acres of raw land.” Moshe Manoah, also a founder and co-manager of Crown Holdings Group, commented, “This is one of the best large tracks of land located in the Metro Atlanta area. We are excited about the upside potential of this acquisition for our investors.”
Marquis Investments is actively seeking value-add multifamily acquisition opportunities in the Southeastern United States.Please contact Blair Schlossberg at (770) 391-1233 for more information.