Sep
21

Mount Pleasant Luxury Apartment Complex Sold

By
– postandcourier.com

A Mount Pleasant apartment complex has changed hands, going from a longtime Charleston real estate firm to a buyer with ties to a Wall Street powerhouse.

The Beach Co. recently sold its Watermark rental complex on Bowman Road for nearly $38.4 million to Central Square Holdings LLC, a Delaware entity that’s operated through J.P. Morgan’s asset management division.

The buyer paid about $160,000 on average for each of 240 apartments within the complex, which is buffered by commercial space and a neighborhood of single-family homes that The Beach Co. will continue to develop at Watermark.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

Be Sociable, Share!
    Categories : Charleston

    Comments are closed.