Cushman & Wakefield has arranged the sale of 511 Queens, a 64-unit apartment community located in Charlotte, North Carolina. Jordan McCarley, Marc Robinson and Brooks Colquitt of Cushman & Wakefield represented the seller, Faison, in the transaction. Sherman Residential acquired the property.
“511 Queens is certainly well positioned to grow with the Charlotte market,” said Kris Fetter, President and CEO of Faison. “We would like to thank Sherman Residential for working with us over the last few months managing the transaction through the COVID-19 pandemic. We wish them continued success in elevating the property to the highest standard.”
Located in Myers Park, nestled between Uptown and South Park, 511 Queens is moments from the city’s largest hospitals of Novant and Atrium. Propelled by luxurious best-in-class features and a distinguished presence along Queens Road, 511 Queens arrived to the market nearing stabilization after a rapid lease-up with strong in-place rents.
“Sherman Residential is proud to announce the acquisition of 511 Queens, a boutique 64-unit mid-rise apartment community located in the highly desired Myers Park neighborhood of Charlotte,” said Scott Gould, Senior Vice President of Sherman Residential. “The property features large two- and three-bedroom floor plans in a refined urban setting with great walkability to nearby upscale restaurants and retail shops.”
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019 (Source: Real Capital Analytics www.rcanalytics.com). Market share reflects sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. For more information, visit https://multifamily.cushwake.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.
