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| Sarah Godwin |
RALEIGH, NC– JLL announced has closed the $5 million land sale for a 5.77-acre, infill development opportunity zoned for multifamily, part of Twin Lakes Center in Cary, North Carolina.
JLL marketed the property on behalf of the seller,
Leyland Twin Lakes, LLC. SunCap Property Group (“SunCap”) acquired the
property.
David
Lee of SunCap’s multifamily division worked closely with the Town of Cary
to plan the community.
“SunCap
is very excited to break ground on our first multi-housing property in the RTP
area,” commented Lee, Senior Vice President.
David Lee
“We have been studying the
market for some time and feel this is the perfect opportunity to bring an
outdoor-centric, bike-friendly residential offering to the area.”
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Director Sarah Godwin.
“The Twin Lakes development is well-positioned along
Davis Drive, Cary’s main artery into RTP, and is located only 5 minutes from a
top tech company’s future RTP campus,” said Godwin. “The community has strong
walkable connectivity to Wegmans and will enjoy a future greenway trail
connection.”
CONTACT:
Cierra
Lacasse
PR, Capital Markets
JLL
T
+1 602 648 8701
M
+1 408 318 8021
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