Cushman & Wakefield has arranged the sale of The Ridge at Hamilton Crossing, a 353-unit apartment community in the Maryville submarket of Knoxville, TN. The sales price was not disclosed.
Constructed in 2015 and 2018, The Ridge at Hamilton Crossing is situated in a submarket that features upscale retail, highly ranked schools and jobs centers. Amenities include a car care center, cyber café, designer clubhouse with gourmet kitchen, EV charging stations, sundeck, fire pit area, fitness center, park bark, swimming pool, resident lounge and outdoor grilling stations.
Jimmy Adams and Craig Hey of Cushman & Wakefield represented the seller, who was affiliated with Tynes Development Corp., in the transaction. StoneRiver, an investment company that has invested more than $1 billion in assets across the Southeast, acquired the property. StoneRiver Property Management will be responsible for management.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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