St. Louis, Mo.—Holliday Fenoglio Fowler LP has been picked to market the sale of 3949 Lindell, a 197-unit luxury community located in the Central West End neighborhood of St. Louis, Mo. The property is being marketing on the behalf of Gulfstream Capital Partners, the seller.
HFF Executive managing director Matthew Lawton, and managing directors Sean Fogarty and Marty O’Connell, are leading the team in the marketing effort.
The 2008 built project is located across from St. Louis University, near Forest Park and the Washington University Medical Center. The four story asset has a mix of furnished studio, one- and two-bedroom units that average 894 square feet each. Community amenities include a swimming pool, gym, tanning salon and assigned garage parking.
Champion Real Estate Services acquires $4.2M community in Ohio
Hilliard, Ohio—Champion Real Estate Services has purchased a 96-unit apartment community located in Hilliard, Ohio, for $4.2 million. The property is currently 98 percent occupied.
“Interest rates are terrific, and the apartments are nearly full,” says Brian Yeager, president and chief executive officer at Champion. “We are excited about this opportunity and will continue to look for more. Champion is on the move.”
The company currently manages a portfolio of 1,800 units throughout central Ohio. Champion’s total holdings are currently 98 percent leased.
Jones Lang LaSalle brokers apartment sale by AMLI and Northwestern Mutual
Atlanta–Jones Lang LaSalle’s Capital Markets announced the firm has closed the sale of a 290-unit, garden-style apartment complex called AMLI at Barrett Walk in the Atlanta submarket of Kennesaw in Cobb County, Ga. Pearlmark Real Estate Partners (formerly Transwestern Investment Co.) purchased the Class A multifamily property from a partnership of AMLI Residential and Northwestern Mutual.
Jones Lang LaSalle’s multifamily experts led the project including Managing Directors David Gutting and Derrick Bloom, Senior Vice President Vince Lefler, and Vice President Porter Jones.
“Pearlmark identified what they believed was the definitive market-leading property in the Kennesaw submarket, which also offered substantial organic rent growth,” says Gutting. “This is a submarket in which apartment supply has been effectively shut down for the past six years and AMLI at Barrett Walk provided a very compelling investment opportunity.”
AMLI at Barrett Walk is located in the “Town Center” area of Cobb County at the intersection of I-75 and Barrett Parkway, within the Barrett Lakes Planned Development. The 11-property community offers six floorplans and amenities include a clubhouse, resort-style pool, fitness facility and board room. The property is currently 95 percent leased.