Third Multifamily Brings Northland’s $200M Charleston Collection to 800 Units
Newton, MA-based Northland has acquired 511 Meeting, a 221-unit residential building in Charleston, SC. The transaction marks Northland’s third investment in the Charleston area; the company has invested over $200 million in to assemble a portfolio of 813 Class A apartment homes.
“Since our entrance into the Charleston market in 2019 with The Standard on James Island and Wharf 7 on Daniel Island, we’ve been actively seeking additional opportunities for expansion onto the Peninsula,” said Bruno Setteducati, director of investments at Northland.
511 Meeting is a podium-style mid-rise with a fitness center, bike storage and repair area, and second-story pool deck with a fire pit and grill stations. The building also features a lounge and bar space, as well as 2,960 square feet of dedicated retail.
511 Meeting is one block away from King Street, renowned for its storied history, and distinctive blend of fashion, art, retail and dining experiences.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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