Rio Vista Apartments: 2716 Buford Hwy NE, Atlanta, GA 30324 (Closed by Stratus Property Group)
CategoriesCase Studies

Rio Vista, Northlake Apartments, Waverly Manor

Stratus works diligently to produce opportunities for clients that are overlooked by the general market, using all resources available. During one such scouting mission, Stratus uncovered the opportunity to purchase a set of three assets from a family trust, who was aiming to re-organize its assets and redeploy its capital into new ventures. These three properties were a perfect fit for two separate clients who had differing acquisition parameters. Stratus was able to facilitate the sale with two properties selling to one private equity fund, and one to property to a separate fund. The sales process was streamlined. 

Bulldog Crossing Apartments: 148 Old Will Hunter Rd, Athens, GA 30606 (Closed by Stratus Property Group)
CategoriesCase Studies

River Oaks

148 Old Will Hunter Road, Athens, Ga 30606

While the private equity owner of River Oaks was desirous to sell the property, operations had languished, resulting in a diminished value for the property. In an effort to boost the value of the asset prior to sale, Stratus acted as asset manager to oversee operational changes. New property management was brought in and light renovations were performed to boost aesthetic, occupancy levels, and resulting NOI. Once ready for the market, Stratus marketed the property on its national platform and sold the property at nearly a 20% premium to the original valuation of the property when Stratus became involved. 

CategoriesPress Releases

Custom Suit Shop to Open in Phipps

ATLANTA, GA – New York based Enzo Custom is bringing their premium, custom clothing to Phipps Plaza, the southeast’s premier, upscale shopping destination. Enzo’s eighth location will add Peachtree Rd to its already lengthy list of well renown retail corridors such as Madison Avenue, Michigan Ave and Rodeo Drive, just to name a few.

The space is currently being prepped by Atlanta-based commercial general contractor, Lexdyn, and set to be completed in time for its February 2020 opening. Enzo is a vertically integrated custom clothier that supplies hundreds of other custom clothiers nationwide. Their process is simple: visit one of their clothiers, take 31 different measurements and pick out your fabric. Within 4 weeks of your initial appointment, your garment will be ready for final adjustments and pick-up. Their guarantee? Unlimited alterations for 30 days, and if the suit can’t be altered, they will remake it entirely. Prices for their custom suits and tuxedos range from $495 to $9500.

Enzo claimed one of the closest retail spaces to perhaps central Buckhead’s most anticipated redevelopment project. Mall owner and global leader in premier shopping, dining and entertainment destinations, Simon Property Group is currently under construction on a highly anticipated mixed-use redevelopment that will connect to Phipps where the Belk department store previously stood. Set to open in 2021the significant additions to the property include the 150-room Nobu Hotel and Restaurant Atlanta, a 90,000 SF Life Time Athletic gym and spa and the 13-story, 350,000 SF Class A Office Building to be known as One Phipps Plaza. Due to the location of its new space, Enzo is one of a few retailers that stands to greatly benefit from the increased business from the adjoining development.

“As Atlanta’s leading destination for retailers specializing in luxury menswear, Phipps Plaza was an obvious fit for Enzo Custom’s entry into the market,” says Stratus Property Group’s Charlie Carroll who represented the tenant in lease negotiations. “Enzo has historically relied on grass roots and word of mouth advertising to spark growth for newly opened locations. With the redevelopment set to open just steps away from their new location, the ability to convert the increased foot traffic into walk-in customers to add to their traditionally appointment only model positions them extremely well for future growth. We enjoyed working with Simon and appreciate their assistance in making sure everything is on track to open in early 2020.”

Enzo Custom will be open for both appointment and walk-in business. Bookings are available between the hours of 10am-9pm Monday through Saturday and 12pm-5:30pm Sunday. Appointments for the new Phipps locations can be made on their website,

Check out the published article on What Now Atlanta! 

American Laundry Building, Atlanta, GA
CategoriesPress Releases

Location Where OutKast Filmed ‘So Fresh, So Clean’ Video Hits Market in Castleberry Hil

ATLANTA ­– Nov. 11, 2019 A property with a unique history has hit the market in Atlanta’s booming Castleberry Hill neighborhood. Located at 256 Walker Street, the American Laundry Building is appropriately named after serving as the local laundry drop-off/pick-up location for railroad workers during Castleberry Hill’s heyday as a booming industrial and manufacturing hub. The seller is represented by Charlie Carroll of Stratus Property Group.

Owned by the same family for the past two decades, the property sits on .42 acres and consists of 12,000 SF of heated and cooled space, with an additional +/- 22,500 SF of buildable area. It also features 35 gated, off street parking spots – a hot commodity in the dense, infill neighborhood. During the more recent past, the property has served as a private residence, a co-working space, a restaurant/café, an event venue and a film studio. Perhaps most notably, the American Laundry Building was used by Atlanta’s own iconic hip-hop duo, OutKast, in the filming of their music video for one of their most popular song titles, “So Fresh, So Clean.” Many characteristics of the property seen within the video’s backdrop remain unchanged today.

256 Walker St is located only one half mile from Mercedes Benz Stadium and the highly touted Centennial Yards development project, the largest city center redevelopment in the Southeast United States. Its location is prime for investors looking for opportunity in a rapidly developing area as Castleberry Hill was included in an Opportunity Zone census tract as part of the Tax Cuts and Jobs Act of 2017, spurring an increased interest and investment in the area.

“The property’s location, visual appeal and storied history really stood out to us,” says broker Charlie Carroll, “we’re thrilled to be representing the owner in the marketing and sale of such a unique property at a time when the surrounding area is in the early phases of the strongest wave of redevelopment in the neighborhood’s history. The quality and charm of the existing building along with its prime location within the Castleberry Hill Historic Arts District and the potential for further expansion or redevelopment makes this a fantastic opportunity for the right investor or end user.”

The American Laundry Building is currently listed for $4.5MM — Inquiries can be directed toward Carroll by emailing or calling 404-618-0720.


Check out the published article on Atlanta Curbed!


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