Mar
13

Cornelius Apartment Complex Sold

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The 192-unit One Norman Square, a multifamily property located in Cornelius in the Charlotte, N.C., MSA, has been acquired by Ramsey, N.J.-based The Raia Properties, a real estate investment and development firm. The Raia Properties’ current multifamily portfolio includes Class A properties in North Carolina, South Carolina, Arkansas, Colorado and Texas. One Norman Square was built in 1992 and is 95 percent occupied. It consists of one-, two- and three-bedroom units with amenities including a resort-style, salt water pool, tennis courts, a 24-hour fitness center, a car care center, a business center and walking trails.

Blake Okland and Dean Smith of ARA’s Charlotte office represented the seller, Nashville, Tenn.-based Carter-Haston Real Estate Services, a real estate asset and property management firm.

MORE ON ONE NORMAN PLACE HERE

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