Cortland Partners acquires Phipps Plaza apartment complex in Buckhead

Cortland at Phipps Plaza, a Class-A property, is adjacent to Cortland’s Atlanta headquarters in Atlanta’s Buckhead community. It’s a short walk to luxury shopping and other amenities concentrated at Phipps Plaza, which is currently being redeveloped. When complete, the revamped Phipps Plaza will include a Nobu Hotel and Restaurant; a three-level Life Time athletic club, a new, 13-story, 350,000-square-foot Class-A office building named One Phipps Plaza; a “pocket park” on Phipps Boulevard; and an outdoor event venue.

 “Atlanta is our hometown. We’re committed to growing and investing in our own backyard, in this case, literally, given the close proximity to our headquarters,” Cortland CEO Steven DeFrancis said in an announcement. “Cortland at Phipps Plaza is a great opportunity for growth adjacent to one of the city’s premier entertainment, retail, and soon-to-be office destinations.”

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