CushWake Brokers Sale of 244-Unit MF Property in Tallahassee
Cushman & Wakefield has arranged the sale of Lullwater at Blair Stone, a 244-unit apartment community in Tallahassee. The sales price was not disclosed. Located 10 minutes southeast of Downtown Tallahassee, the community is surrounded by a number of lifestyle amenities including retail, golf courses and multiple recreational attractions.
Robert Stickel, Alex Brown and Jubeen Vaghefi of Cushman & Wakefield represented the sellers, Novare Group and Fickling & Co., in the transaction. Privately-owned real estate advisory and management firm. Carter Funds acquired the property.
“Fickling and Novare saw an opportunity to provide luxury rental housing to the Tallahassee market, designing and delivering a beautiful community with thoughtful amenities,” said Stickel. “Local residents recognized this and responded to it with strong demand on a successful lease-up. They are both excellent long-time developers and have conviction around delivering top quality communities around multifamily developments in suburban settings and secondary markets.”
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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.