The newly built 320-unit Foundry at Mashburn Village multifamily community in Cumming was sold for an undisclosed amount while still under construction. 

Courtesy of Google Maps.

The developer, Terwilliger Pappas, sold the property to Atlanta-based White Oak Partners. It was previously called Solis Cumming under Terwilliger Pappas’ Solis apartment brand. 

The Foundry is part of the larger Mashburn Village mixed-use development, which will include retail, civic space and for-sale single-family homes and townhomes.

Cushman & Wakefield Executive Vice Chair Robert Stickel and executive director Alex Brown represented Terwilliger Pappas. 

“Along with high barriers to entry, Solis Cumming is an exceptional institutional-quality asset,” Stickel said in a press release. “Terwilliger Pappas and their partners brought premier apartment and placemaking development skills to the supply-starved Cumming … area.”  

The property offers a saltwater pool with sundeck and cabanas, fitness center with yoga room, grilling area, dog park and detached garages. It is located amid numerous walkable retail establishments, including a grocery store. 
 
“White Oak Partners demonstrated their incredible aptitude as a buyer with the ability to close on a property that was still under construction,” Brown said. 

The developer, Terwilliger Pappas, sold the property to Atlanta-based White Oak Partners. Courtesy of The Foundry at Mashburn Village.