ATLANTA—Cushendall Commons, a 168-unit multifamily community in Rock Hill, SC, has traded hands. The sale price: $17.35 million.
Cushman & Wakefield arranged the sale. Watkins Bryant, Paul Marley and Jordan McCarley of Cushman & Wakefield represented the seller.
“Cushendall Commons is a transaction that reflects the high demand for well-located assets in the greater Charlotte region,” Bryant tells GlobeSt.com. “The community provides the buyer an investment that will continue to benefit from a location in close proximity to high quality retail, but also convenient to the major employment nodes of both Charlotte and Rock Hill.”
Hamilton Point Investments LLC acquired the multifamily asset. Triangle Real Estate of Gastonia Inc. acquired the multifamily property. “Rock Hill is a great market and I’m confident the buyer … will do well with this investment,” says Matthew Sharp, co-founder and managing principal of Hamilton Point.
Cushendall Commons offers one-, two- and three-bedroom multifamily floor plans with walk-in closets, private balconies and oversized windows. Multifamily amenities include a state-of-the-art fitness center, resort-style pool, business center and a DVD library.
William Ratchford, vice president of Triangle Real Estate, says: “The asset was in superior shape compared to its peers of the same vintage and will work to round out our portfolio in the region.”