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JLL Arranges Sale of 91-Unit MF Property in Charlotte
JLL has brokered the sale of Centro Railyard, a 91-unit multifamily property with 12,991 square feet of ground-floor retail in Charlotte’s South End submarket. The sales price was not disclosed.
Located at 1425 Winnifred St., Centro Railyard is connected to The Railyard, a mixed-use project consisting of various office and retail tenants. The South End neighborhood is nearby a number of local restaurants, breweries, and retailers. South End is also experiencing an office boom with more than 2.1 million square feet of office space currently under construction in the area, including Lowe’s Technology Headquarters and LendingTree’s Headquarters.
Allan Lynch, Caylor Mark, Tom Kolarczyk, Andrea Howard, John Currin and Jeff Glenn of JLL represented the seller, a partnership between Ascent Real Estate Capital and Centro Cityworks, in the transaction. The partnership also designed and built the property. The buyer was Collett Capital.
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