The Trillist Companies, Inc. this month announced the “record-setting” sale of YOO on the Park, its 25-story, 243 unit multifamily property adjacent to Piedmont Park, at 207 13th St NE.
An affiliate of Lincoln Property Company acquired the development for $112.5 million or $522 per square foot, according to a press release.
YOO on the Park opened in 2017, and its recent sale “marks the highest purchase price per square foot” since the sale of Piedmont House. “YOO on the Park continues to command some of the city’s highest rents per square foot in the city and was 94 percent occupied at the time of sale,” according to the release.
“We knew Atlanta was ready for this high level of sophisticated and playful design,” Scott L. Leventhal, president and CEO of Trillist, said. “Demand has remained strong for its unparalleled features, amenities and incredible design, and we very much look forward to launching our next iteration of the YOO brand in Midtown.
Following the sale of the community to Lincoln Property Company, YOO on the Park will be rebranded and called the Registry on the Park.
Robert Stickel, Adam Spies, and Alex Brown led Cushman and Wakefield’s team who advised and represented Trillist in connection with the sale of YOO on the Park.
