Cushman & Wakefield Arranges $41M Multifamily Sale for McCall Capital

Enclave BlythewoodEnclave Blythewood Sells for $106,771 Per Unit

Cushman & Wakefield has arranged the $41 million sale of Enclave Blythewood, a 384-unit apartment community located In Blythewood, South Carolina. Tai Cohen, Watson Bryant and Jordan McCarley of Cushman & Wakefield represented the seller, McCall Capital, in the transaction. Southwood Realty/Triangle Real Estate acquired the property, which has been renamed The Palisades of Blythewood.

“Offering a high-quality asset at an attractive basis in one of Columbia’s most rapidly expanding submarkets, Enclave Blythewood presents new ownership with strong operational momentum and a multi-layer value-add program to immediately boost revenue,” Cohen said.

Enclave Blythewood, built in two phases in 2008 and 2015, is ideally positioned in north Richland County’s expanding economic core, with 2,600 jobs within two miles and 1,825 additional jobs announced in the same region since April 2017.

Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2018 based on closed transactions, totaling over $5 billion in sales volume. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

 

 

2019-05-29T10:44:57-04:00May 30th, 2019|In the News|