Atlanta firm pays $106 million for 3 Charleston-area apartment complexes
An affiliate of Carroll Organization of Atlanta bought complexes in Mount Pleasant and North Charleston earlier this month from JRK Properties of Los Angeles. They include the 248-unit Springhouse on St. Ives Road and Cooper’s Pointe, with 192 units, on Greenridge Road, both in North Charleston, and the 240-unit Hibben Ferry on Anna Knapp Boulevard in Mount Pleasant.
An Atlanta real estate company recently laid out $106 million for three Charleston-area apartment complexes, 10 years after they sold for $51.1 million.
An affiliate of Carroll Organization of Atlanta bought complexes in Mount Pleasant and North Charleston earlier this month from JRK Properties of Los Angeles.
They include the 248-unit Springhouse on St. Ives Road and Cooper’s Pointe, with 192 units, on Greenridge Road, both in North Charleston, and the 240-unit Hibben Ferry on Anna Knapp Boulevard in Mount Pleasant.
The new owner paid $47.8 million for the Mount Pleasant property on Shem Creek, $32.7 million for the former Springhouse units and $25.5 million for the nearby former Cooper’s Pointe site. All of the properties are now calledArium with a town or street in the site name.
SOURCE: POSTANDCOURIER.COM
