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PROPERTY STATUS: SOLD
• Former 72-Unit Multifamily Community • 68,378 SF • Garden-Style Apartment Property • 3441 Fox Street • Duluth, GA 30096 • Gwinnett County • Sold Property in Hale Retail Group’s Portfolio Proctor Square Apartments at 3441 Fox Street in Duluth, Georgia was a 72-unit garden-style multifamily property totaling approximately 68,378 SF. Located near Downtown Duluth in Gwinnett County, the property represented a substantially different investment opportunity from a traditional retail asset—combining an established apartment community with significant land and redevelopment potential in one of Metro Atlanta’s growing suburban markets. Originally developed in 1968, Proctor Square consisted of two-story apartment buildings and historically maintained strong occupancy. Its location near Downtown Duluth placed the property close to employment, shopping, dining, schools, services, and the continued redevelopment occurring throughout the Duluth market. Public records and historical commercial listings identify the property as multifamily and confirm its former 72-unit configuration and 68,378 SF building area. The property was ultimately sold and transitioned toward redevelopment, illustrating how commercial real estate value can extend beyond an asset’s existing income stream to include land value, location, redevelopment potential, and future use opportunities. City records indicate the former apartment operation closed in January 2023 due to redevelopment, and current commercial records identify the former improvements as demolished. Proctor Square Apartments is featured among Hale Retail Group’s completed sales, demonstrating the firm’s ability to work with investment properties beyond traditional shopping centers—including multifamily assets, redevelopment opportunities, and commercial properties where the underlying real estate may be as important as the existing improvements. For property owners searching for a commercial real estate broker in Duluth, GA, multifamily investment sales in Gwinnett County, redevelopment-property representation, or an experienced broker to market and sell commercial real estate in Metro Atlanta, Proctor Square Apartments provides another example of Hale Retail Group’s experience bringing complex investment opportunities to market. |
Status:
Sold
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Gross Leasable Area: 68,378 SF
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Date: March 2023
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1303 Hightower Trail, Suite 201
Atlanta, GA 30350
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