Raleigh, NC—Sometimes it takes a village to do a commercial real estate transaction. Such is the case with Park & Market, a class A+ residential and grocery-anchored retail property in North Hills, Raleigh’s mixed-use district.

In a transaction valued at more than $100 million—and a deal that marks one of the largest multifamily transactions ever inked in North Carolina—CBRE professionals from five offices collaborated to arrange the concurrent recapitalization and partial sale the asset. The complex includes 409 luxury multifamily units and 96,257 square feet of retail space at its base.

CBRE represented the owner, Kane Realty Company, in the sale of the multifamily portion of Park & Market to a fund managed by Dallas-based Crow Holdings Capital Partners. The sale price was undisclosed. CBRE also arranged financing for the purchase via an undisclosed correspondent life insurance company.