Tuesday, October 19, 2021

JLL Capital Markets closes $5 million land sale in Cary, NC’s Twin Lakes to SunCap Property Group

 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

JLL.com

 

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