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Atlanta & Southeast  + Carolinas  + Apartments  | 
The joint venture team of Cushman & Wakefield and Greystone announced they arranged the sale and financing for Retreat at Palm Pointe.

North Charleston’s Retreat at Palm Pointe Sells for $13M

The joint venture team of Cushman & Wakefield and Greystone announced they arranged the sale of, and provided acquisition financing for, respectively, Retreat at Palm Pointe. The 112-unit apartment community is located at 2561 Fassitt Rd. in North Charleston, South Carolina.

Cushman & Wakefield’s John Phoenix, Richard Gore, Tyler Fish, and Pat O’Brien represented the seller in the $13.25 million sale, while Greystone’s Donny Rosenberg originated a Fannie Mae DUS® loan to finance the acquisition. The multifamily property was sold by Cohen Investment Group and acquired by Prospect Lane.

“Retreat at Palm Pointe presented Prospect Lane the opportunity to acquire a well-maintained asset experiencing strong operational momentum and offering a proven value-add initiative on which to capitalize,” said John Phoenix, Senior Director at Cushman & Wakefield.

Retreat at Palm Pointe was built in 1991. It sits adjacent to high-end retail and is within an area contributing to Charleston’s booming economy.

Read More News Stories About: Cushman & Wakefield, Greystone
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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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