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Atlanta & Southeast  + Southeast  + Apartments  |  January 7, 2020
David Cohen
By: David Cohen

JLL Brokers Sale of 351-Unit North Carolina MF Community

JLL has arranged the sale of Tradition at Stonewater, a 351-unit garden-style apartment community in Cary, NC. The sales price was undisclosed.

Tradition at Stonewater is located at 12000 Wisdom Dr., and is nearby Research Triangle Park and Duke University & Medical Center. Built in 2009, the property is currently 96% leased. Community amenities include a resort-style saltwater swimming pool, outdoor lounge, screened-in summer kitchen, fitness center, theater room, business center and gated dog park.

Jeff Glenn, Justin Good, Allan Lynch, Caylor Mark and Andrea Howard of JLL represented the seller, an affiliate of Banner Real Estate Group, in the transaction. The buyer was Goldman Sachs Merchant Banking Division.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

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.
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