Jun
08

Charlotte’s Magnolia Station Apartments Sold

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The Praedium Group, a New York City-based national real estate investment firm, has acquired the Magnolia Station Apartments in Charlotte, NC with Grubb Properties, a Charlotte-based real estate investment and management company, for $35.5 million.

The 456-unit multifamily property built in 2008 will be renamed Sterling Steele Creek Apartments.

“We plan to enhance the property through landscaping and signage upgrades, as well as improvements to the pool, fitness center and clubhouse,” said Asim Hamid, Vice President of The Praedium Group.

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Categories : Charlotte

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