Published Date: 12/15/2021
McDowell Properties has acquired Hudson Willow Trail Apartments in Norcross, GA. Built in 1985, the 224-unit complex is well-located in the Atlanta–MSA, just 30 minutes northwest of downtown Atlanta, positioned along the booming I-85 corridor. The property is in Gwinnett County, one of the nation’s top 10 counties for growth, and is surrounded by numerous job demand drivers including industrial, distribution, medical, education and retail. The property also has connectivity to the 450k jobs located within a 10-mile radius.
Hudson Willow Trail is well-situated for a value-add strategy consisting of renovations and upgrades to overall property. The business plan captures numerous value-add opportunities including renovating 166 classic units, adding 125 washer/dryer sets, assembling 18 private pet yards, and enhancing the curb appeal as well as common area amenities. Additionally, we plan to improve property operations by reducing operational expenses and taking an overall more hands-on approach to management.
Norcross is a quaint suburb of Atlanta, recognized for being one of the best places to live in Georgia, the city offers easy access to downtown Atlanta, without losing the charm of a small town with many nearby schools, shopping and recreation options. Within reach of the property, is a Lowe’s, Kaiser Permanente Medical Center, Berkeley Hills Country Club, Malibu Norcross Amusement Center, Costco, Sam’s Club, Santa Fe Mall, and Westrock headquarters, one of the area’s largest employers. Prominent employers also include PruittHealth, FLEETCOR, EMI Group Limited, Aquilex Holdings, PSI Fulfillment, Kawneer, OFS Brightwave, and OmniMax International.