CHARLOTTE, NC /PRNewswire/ -- Crescent Resources has sold Circle at South End for $74 million to an undisclosed buyer. With 360 units and 8,000 square feet of retail space, the community sold for approximately $205,555 per unit, a record for an apartment community in North Carolina.
"This transaction speaks volumes about the results and differentiation of our multifamily developments," said Brian Natwick (lower right photo), president of multifamily with Crescent Resources.
"Like all our apartment communities, we started Circle at South End with an irreplaceable location and infused it with high-quality products and green features as well as innovative programming."
Circle at South End opened in May, 2009, the first 100-percent smoke-free community in Charlotte. In 2010,
Sarofim Realty Advisors was Crescent Resources' capital partner in Circle at South End. CBRE Group represented Crescent in the sale.
For a complete copy of the company’s news release, please contact:
Kathryn Blanchard,
+1-704-376-3434
Web Site: http://www.crescent-resources.com
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