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| David Oakley |
BIRMINGHAM, AL ---
Berkadia recently negotiated the sale of Hillside Village and Twickenham
Village located in Huntsville with a total of 376 apartment units for
$9,925,000.00 or $26,396 per unit.
Managing Director David Oakley, Senior Directors David Etchison and David Wilson with the Birmingham office of Berkadia Real Estate
Advisors, LLC represented the seller, Huntsville-based Hillside Village, LLC
and Twickenham Village, LLC.
Hillside Village, with 223
units is located at 4515 Bonnell Drive, and Twickenham Village with 152 units
is located at 5001 Galaxy Way. Both apartment communities were built in 1985.
The buyer, McCreary Realty
Management, Inc. based in Marietta, Ga., has plans for exterior and interior
renovations.
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:
Larry Vershel or Beth
Payan, Larry Vershel Communications, 407.644.4142 Lvershelco@aol.com
McCreary Realty Management of Marietta, GA has been misidentified as the buyer in this transaction. McCreary has NOT purchased these developments and has NO business interests anywhere in Alabama.
ReplyDeleteMichael A. McCreary, CPM, MPM
President/Owner
McCreary Realty Management, Inc.
www.McCrearyRealty.com