The Villages at Town Creek, a 61-unit, 244-bed townhouse community in Pendleton, has been sold by Georgia-based QR Capital to an undisclosed buyer, according to a CBRE announcement.
Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE’s National Student Housing Team and David Lansbury and Erika Maston of CBRE’s Southeast Multifamily Investment Sales Team arranged the transaction on behalf of the seller.
“Town Creek Villages offered an attractive initial yield to investors in one of the strongest Power 5 student housing markets in the nation,” Schaefer said in the press release. “Showcasing a long history of stable performance, the property has also provided a development opportunity in its own right for additional units. The units are among the largest and most unique townhouse floor plans on the market, differentiating the asset from its competitive set. We were thrilled to help QR pull off a successful round trip.
Built in 2010, the property is on a bus route to Clemson University and has had an average occupancy rate of 97% since 2013. The Villages at Town Creek offers a mix of units including townhouses of three, four and five bedrooms.
The following commercial real estate transactions have recently been completed in Upstate. For weekly updates on business deals, check out the Hot Properties feature every Tuesday in the GSA Business Report Daily email.
Reeves Willis of Avison Young commercial real estate represented KMRT Investments LLC in the leasing of a 16,000 square foot industrial building located at 609 S. Washington Ave. in Greenville to RAS Logistics LLC.
Harry Croxton of Coldwell Banker Commercial Caine represented Five Forks Animal Hospital LLC in leasing a 5,900 square foot medical office building at 221 Batesville Road in Simpsonville from Piedmont Ventures LLC.
Nicholas Sardone of Coldwell Banker Commercial Caine represented Halter Properties LP, the landlord, in lease renewal negotiations with Bay Laurel Center for Psychotherapy for a 2,920 square foot office building at 110 Manly St. in Greenville.
Pete Brett and T Cox of Coldwell Banker Commercial Caine represented Landlord Bright Investments II LLC in lease renewal negotiations with CDI Investments LLC for 2,700 square foot retail space at Garlington Station, Suites H& I, 700 Garlington Road in Greenville.
T Cox of Coldwell Banker Commercial Caine represented tenant Carriage House Realty by Nick LLC in leasing 432 square feet of retail space at 100 E. Washington St., Suite A, Greenville, from Jonathan A. Good LLC.
Taylor Allen, Brantley Anderson and Bailey Tollison of Colliers represented Somera Road Inc. in the sale of a 73,976 square foot Greenville office building at 400 Brookfield Parkway to Greenville Classical Academy.
Richard Barrett of Colliers represented Peter Weisman/Kinney Hill Associates in leasing 15,200 square feet of industrial space at 100 Corporate Center Drive in Spartanburg to Airline Hydraulics Corp.
Frank Hammond of Colliers represented MTC Federal Credit Union in leasing 9,000 square feet of office space at 201 Brookfield Parkway in Greenville.
Keith Jones and McNeil Epps of NAI Earle Furman represented landlord, The F General Synod of the ARP Church, in leasing 2,049 square feet of office space at 918 S. Pleasantburg Drive in Greenville to Palomar Insurance Corp. .
Shannon Caldwell of NAI Earle Furman represented landlord, Karin Purvis, in leasing a 3,645 square foot commercial building at 1322 E. Washington St., Building A, Greenville to Browning Studios LLC.
Shannon Caldwell of NAI Earle Furman represented the tenant, JJ&R Rentals LLC, in leasing 1,062 square feet of retail space at 629 Augusta St. in Greenville from Rallis Holdings LLC.
Hunter Garrett and John Staunton of NAI Earle Furman represented the owner, Martinez Garrett Nalley LLC, in leasing 78,500 square feet of industrial space at 15 Shelter Drive in Greer to Total Distribution Inc.
Brian Hammond of NAI Earle Furman represented owner Walter Oates Jr. in the leasing of 6,000 square foot industrial space at 402 Mt. Pleasant Road in Spartanburg to Carelinc Medical Equipment and Supply.
Geoff Beans of NAI Earle Furman represented landlord, Sun Management Corp, in leasing 1,400 square feet of retail space at 1120 N. Pleasantburg Dr., Suite 306, Greenville, to tenant Anytime Labor.
John Powell of NAI Earle Furman represented the landlord, EC Investors LLC, in leasing 1,065 square feet of office space at 1704 E. Greenville St., Suite 2A, Anderson to Debrica Webster Realty.
Alex Campbell of NAI Earle Furman represented the landlord, Greenville Business Center LLC, in leasing 7,200 square feet of industrial space at 150 W. Phillips Road, Suite L, Greer, to Ceres Transportation Group Inc.
Ellice Niedrach of NAI Earle Furman represented the tenant, S&A Discount Grocery Duncan LLC, in the leasing of 2,200 square foot retail space located at 700 E. Main St., Suite 6B, Duncan, from Byrnes Storage LLC.
David Sigmon and Matt Vanvick of Pintail Capital Partners represented the landlord, AML LLC, in the lease of 806 square feet of retail space at 1622 E. North St. in Greenville to tenant LolanLulu Inc.
Jeff Day and Lakin Parr of Pintail Capital Partners represented buyer, NSC Holdings LLC, in the purchase of 175 Brookshire Road, a 10,000 square foot flexible investment property in Greer, from seller ABA Equipment LLC.
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Contact Ross Norton at 864-720-1222.