 |
| 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 | hfflp.com
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