Friday, March 4, 2016

Berkadia Closes on 276 Units in Huntsville, AL for $15.1 Million

Stone Crossing Apartments, Huntsville, AL

David Etchison
 BIRMINGHAM, AL --- Berkadia recently negotiated the sale of Stone Crossing, a 276-unit apartment community located in Huntsville. Built in 1986 and renovated in 2009, Stone Crossing is a two-story, garden-style community with an average unit size of 733 square feet.

David Oakley, Managing Director, and David Etchison, Senior Director of Berkadia Real Estate Advisors, LLC represented the seller, Engel Stone Crossing, LLC. T

Stone Crossing 2014, LLC purchased the property for $15,150,000.00

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

 For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications, 407-644 4142 or 407-461 3781

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