CHARLOTTE, North Carolina, March 29, 2018 – Cushman & Wakefield has arranged the $17.35 million sale of Cushendall Commons, a 168-unit multifamily community located in Rock Hill, South Carolina. Watson Bryant, Paul Marley and Jordan McCarley of Cushman & Wakefield represented the seller, Hamilton Point Investments LLC, in the transaction. Triangle Real Estate of Gastonia Inc. acquired the property.
“Rock Hill is a great market and I’m confident the buyer, who was a pleasure to deal with, will do well with this investment,” said Matthew Sharp, Co-Founder and Managing Principal of Hamilton Point Investments LLC. “The Cushman & Wakefield team came through for us, as always, and stewarded an annoyance-free transaction.”
Cushendall Commons offers one-, two- and three-bedroom floor plans with walk-in closets, private balconies and oversized windows. Amenities include a state-of-the-art fitness center, resort-style pool, business center and a DVD library.
“Hamilton Point Investments and Cushman & Wakefield made the process simple, and the transaction was a breeze,” said William Ratchford, Vice President of Triangle Real Estate of Gastonia Inc. “The asset was in superior shape compared to its peers of the same vintage and will work to round out our portfolio in the region.”
Cushman & Wakefield’s Southeast Multifamily Advisory Group is the most active firm in the region, with the No. 1 market share based on transactions and sales volume reported to CoStar. In 2017, the group closed $4.8 billion in sales volume (a 34.6 percent year-over-year increase) through 268 deals and more than 55,000 units. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.