Monday, December 19, 2016

HFF represents East West Partners in sale of boutique apartment community in Chapel Hill, NC

Allan Lynch
CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has represented the ownership group in the sale of Environs at East 54, a 58-unit, trophy-quality boutique multi-housing community in Chapel Hill, North Carolina.

Completed in 2015, Environs at East 54 offers top-tier, condo-quality finishes, including 10- to 12-foot ceilings, island kitchens with granite countertops and stainless appliances, built-in wine racks, walk-in glass showers with tile surrounds, spacious linen and walk-in closets, oversized windows, hardwood-style plank flooring, in-unit washers and dryers and cantilevered patios/balconies. 

The LEED-certified community features a variety of one- and two-bedroom open floor plans averaging 892 square feet.  Common area amenities include a rooftop swimming pool, state-of-the-art fitness facility, interior storage, structured parking and controlled access. 

The property’s location at 5000 Environ Way positions it near multiple walkable amenities within the East 54 development, as well as The Fresh Market, Finley Golf Course, onsite greenway/walking trail access and direct bus connectivity to the nearby University of North Carolina at Chapel Hill campus, which is home to more than 51,000 students, faculty and medical professionals.

The purchaser was a private investor.  New ownership plans to rebrand the project Environs Lofts and will continue to operate the fully-stabilized project as a best-in-class luxury boutique multi-housing property in the Research Triangle’s most high-barrier-to-entry market.

The HFF investment sales team advising East West Partners was led by Allan Lynch, Justin Good and Jeff Glenn.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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