Berkadia has arranged the $33.2 million sale of Palmetto Creek, a 260-unit multifamily property in North Charleston. Mark Boyce and Blake Coffey of Berkadia’s Carolinas office represented the seller, Texas-based Lurin Capital, in the transaction. The buyer was Washington D.C.-based Brick Lane.

Located at 3311 Mountainbrook Ave., the property features townhouse-style units, of which, roughly 75% are newly renovated. Community amenities include a swimming pool, fitness center, playground and an outdoor area with grilling stations. Residents have access to nearby Interstate 26 as well as the shops and restaurants along Ashley Phosphate Road.

Additionally, Boyce and Coffey also recently brokered the sale of Georgetown Woods/Waterford Plantation, a 248-unit multifamily property in Savannah, GA for $33.8 million. The community was acquired by Texas-based Napali Capital. The seller was South Carolina-based Waterford Plantation LLC.

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