HFF announces the sale of a 37.94-acre land site within University Research Park in Charlotte, North Carolina.

The HFF team marketed the property on behalf of the seller, Crescent Communities. Mattamy Homes purchased the site free and clear of existing financing.

The property is located along Governor Hunt Road to the east of Interstate 85 in the 3.5 million-square-foot University Research Park, which is the region’s second largest employment center and home to some of the region’s fastest-growing financial services, energy, technology and healthcare employers. The property was rezoned for residential use prior to sale, and the new owner plans to develop a townhome community on the site.

The HFF investment advisory team representing the seller consisted of senior director Hunter Barron, director Sarah Godwin and managing director Justin Good.

Holliday GP Corp., a North Carolina licensed real estate broker.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate company specializing in the development and sale of single-family, multifamily and commercial / mixed-use communities. The company creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Crescent’s development portfolio includes more than 60 single-family, master planned communities, over 32 multifamily communities and more than 20 million square feet of commercial space. Its single-family home business operates as Fielding Homes and its multifamily communities are branded Novel by Crescent Communities. For more information, visit www.crescentcommunities.com.

About Mattamy Homes

Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of home ownership. In the United States, the company is represented in 10 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.