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.”
