TRILLIST COS. ANNOUNCES RECORD SETTING SALE OF YOO ON THE PARK
ATLANTA (September 20, 2021) The Trillist Companies, Inc. announced the record-setting sale of YOO on the Park, its 25-story, 243-unit luxury multifamily property in the heart of Midtown adjacent to Piedmont Park, to an affiliate of Lincoln Property Company for $112.5 million ($522 per square foot). Ushering in a new era of luxury living when it opened in 2017, the sale of YOO on the Park marks the highest purchase price per square foot since the sale of Piedmont House. YOO on the Park continues to command some of the city’s highest rents per square foot in the city and was 94% occupied at the time of sale.
“We knew Atlanta was ready for this high level of sophisticated and playful design,” said Scott L. Leventhal, president and CEO of Trillist. “Demand has remained strong for its unparalleled features, amenities and incredible design, and we very much look forward to launching our next iteration of the YOO brand in Midtown.
Designed by the world-renowned YOO Design Studio, YOO on the Park boasts striking interiors and finishes, resort-style amenities, stunning city and park views, spacious floor plans and terraces. It was the Trillist Companies’ first foray into the YOO Design Studio partnership. Following the sale of the community to Lincoln Property Company, YOO on the Park will be rebranded and called the Registry on the Park.
Robert Stickel, Adam Spies and Alex Brown led Cushman and Wakefield’s team who advised and represented Trillist in connection with the sale of YOO on the Park.
The Trillist Companies, Inc. was formed for the purposes of developing the most innovative and sought after residential and mixed-use buildings in the United States. Combining over 50 years of proven experience in commercial real estate development, construction management, and strategic investment, Trillist continues to bring forth signature, design-driven properties, always striving to reimagine the relationship between resident and residence through new technologies, thought-provoking art and globally significant architecture.
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