Charleston Community Trades for $52M
- Nov 21, 2019
Orange Capital Advisors has sold Lively Indigo Run, a 302-unit community in Ladson, S.C., for $51.5 million to an undisclosed buyer. Cushman & Wakefield arranged the sale, with a team of Tai Cohen, Jordan McCarley and Marc Robinson representing the buyer.
Completed this year, the property at 9255 Blue House Road features studio, one-, two- and three-bedroom units across four low-rise buildings. Amenities include a fitness center, business center, clubhouse, community room and swimming pool. There are 430 parking spaces and detached garages available.
Located northwest of Charleston, S.C., the property has immediate access to Interstate 26 and is minutes away from major job centers including Boeing, Mercedes-Benz and Volvo. The fast-growing North Charleston area is projected to create 13,750 new jobs through 2023, driven primarily by manufacturing and healthcare.
Elsewhere in Charleston, VTT Management in July acquired Paxton Point Hope, a new 274-unit community within the Point Hope Commons development, for $51.1 million. The Spectrum Cos. sold the new Class A property near Interstate 526 and Highway 41.