Park Towers II Sells for Nearly $40 Million

Park Towers II is probably the most luxurious apartment community in Sandy Springs. Residents are given first class service with amenities like 24-hour concierge service and on-site dry cleaning service in addition to tennis courts, fitness center, swimming pool, jacuzzi, club room with billiards and more. The luxury high-rise is one of the tallest buildings outside of the Perimeter and features floorplans ranging from one bedroom/one bath to three bedrooms/three and one-half baths, many of which offer breathtaking city views. With such a prestigious reputation in the area, it may come as a shock that the building recently sold for $39.9 million.

Park Towers II development purchased the luxury tower from Julian LeCraw & Co. Inc. in what is now Atlanta’s latest high-profile multifamily transaction. Park Towers II is an affiliate of Crescent Heights, a condo and apartment developer. While the building may be under new ownership, one thing is certain, Park Towers II has perfected luxury apartment living in Sandy Springs.

For more information about the transaction, read this article from the Atlanta Business Chronicle.

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