Community overlooking Gwinnett minor-league field sold
December 16, 2022
An Alexandria, Virginia-based real estate developer purchased the 252-unit, baseball-themed Fieldhouse apartment community overlooking the triple-A Gwinnett Stripers’ home field in Lawrenceville.
Built in 2021, The Fieldhouse is “filled with baseball-themed amenities” that provide views of Coolray Field, home of the Atlanta Braves’ minor-league team, including a rooftop lounge with outdoor party deck, pool deck and two grilling stations with viewing platforms.
The buyer, Bonaventure Realty Group, said it is “looking forward to working on another deal” in 2023 with JLL, which represented the seller, Brand Properties. The JLL Capital Markets team involved in the deal was led by Senior Managing Director John Weber, Director Vic Ciancetta and Associate Cade Songy.
ituated at 44 Braves Ave., The Fieldhouse is approximately 35 miles from downtown Atlanta. Community amenities include two dog parks, a club and game room, team workspace with private offices, entertaining kitchen and bar, yoga studio and fitness center.
The apartments come in studio, one- and two-bedroom formats averaging 833 square feet. Amenities include stainless-steel appliances, wood-style flooring, patios and balconies and walk-in closets.
“Brand Properties delivered a best-in-class asset in The Fieldhouse with unmatched unit finishes and amenities,” Ciancetta said in a press release. “The attention to detail and thought that went into the project is evident the second you step foot on the property. Additionally, we are excited to see the property continue to flourish under Bonaventure Realty Group’s ownership and are pleased to have been involved their first purchase in the Atlanta area.”
Disclosures
The article is for informational purposes only and not intended to be all-inclusive and may be changed at any time without notice or obligation to update. This article does not constitute tax, legal, or financial advice. Bonaventure does not provide tax, legal, or accounting services. Tax laws and regulations are subject to change, and individual circumstances vary. Investors should consult their own tax advisor, attorney, or qualified intermediary regarding their specific situation before pursuing any of the strategies discussed. Forward-looking statements may be influenced by a variety of factors, many of which are beyond the control of Bonaventure and could cause the actual outcomes to be materially different from what is projected. Past Performance is not indicative of future results.
Investments in the shares involves a high degree of risk that prospective investors should carefully consider before investing. The investment is for Accredited Investors who have the financial ability and willingness to accept the risks and lack of liquidity inherent in an investment in the shares. There can be no assurance that investment objectives will be achieved or that investors will receive a complete return of their capital. This material is not an offer to sell or a solicitation of an offer to buy any interest in any fund sponsored by Bonaventure or its affiliates. Any offering is made only pursuant to a confidential private placement memorandum (PPM) and related offering documents, which should be reviewed in full and which control in the event of any inconsistency with this material. Share interests are not registered under the Securities Act of 1933 or any state securities laws, and Bonaventure offerings are not registered under the Investment Company Act of 1940.