ATLANTA – Daniel Latshaw and John DeYonker of Bull Realty represented the seller in the $7.8 million sale of a 1.44-acre parcel located at 930 Spring Street in the Midtown submarket of Atlanta. Centergy North, LLC, was the seller in the transaction, and UH Spring Street, LLC, was the buyer.
Inland American Communities Group, Inc., and Ambling University Development Group will partner to build the 706-bed University House, a mixed-use student housing development, on the site. The 20-story building will feature 268 units, offering studio, one-, two-, three- and four-bedroom floor plans. Amenities will include a resort-style pool on an elevated terrace, secured parking garage, city-view sky lounge on the top floor, and business and fitness centers.
“This is a fantastic site that’s a short walk to the Georgia Tech campus as well as shops, restaurants and nightlife,” said Latshaw, a Bull Realty partner. “With growth in enrollment at Georgia Tech, the university will benefit from additional quality student housing.”
This transaction marks the fourth sale of an intown Atlanta land parcel that the Bull Realty duo has brokered in the last 12 months. University House is scheduled to open in the fall of 2015.
Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales and consulting firm headquartered in Atlanta. The firm was founded 15 years ago with two primary missions: 1) to provide a company of stellar integrity and reputation, and 2) to provide the best commercial real estate marketing in the nation.
About the Brokers:
Daniel Latshaw brings 17 years of commercial real estate investment know how, international acquisitions management experience and an MBA degree to every assignment at Bull Realty. Daniel has earned Partner status and a CCIM designation while being a top producer for the past 12 years at the firm. When not busy serving commercial real estate clients, Daniel is searching for the next wave on his surfboard or enjoying time with his wife and four daughters.
John DeYonker has been selling and developing real estate in the Atlanta area for the past 20 years, 15 years as Managing Broker of his own real estate brokerage and development company. Mr. DeYonker joined Bull Realty in 2008 to provide his clients a marketing platform proven to maximize asset value in this economic cycle. The Atlanta Commercial Board of Realtors named John the #5 land broker for 2009 , the #4 land broker for 2010, and again in 2012 he was recognized as a top 10 producing land broker. John uses his experience in land sales, commercial acquisitions and development skills to add value to his clients’ real estate transactions. Originally from the state of Michigan, John received a B.A. in Business Administration from Michigan State University and has called Atlanta home since 1983. He currently resides in North Buckhead with his wife and two sons. John spends much of his free time coaching and watching his two sons in their sports endeavors while also serving as a director on the Baseball Committee at the Northside Youth Organization. John is a member of the National Association of Realtors, the Atlanta Commercial Board of Realtors, the Urban Land Institute and is a candidate for the Certified Commercial Investment Member (CCIM) designation.