Cushman & Wakefield | Thalhimer’s Capital Markets Group is pleased to announce the sale of 2002 Langdon Place, a 26-unit multifamily community with garden-style apartments and townhomes centrally located in southwest Roanoke City, together with Briskwood Apartments, a garden-apartment community of 16 one-bedroom, one-bath units located in Roanoke’s desirable Old Southwest neighborhood.
Sweetbay Capital acquired the 41-unit portfolio on February 10, 2023, from C and D Associates, LLP for $3,350,000. Clay Taylor, CCIM of Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller in the marketing and sale of the portfolio. Sweetbay Capital intends to pursue a value-add strategy with both properties, including extensive interior and exterior renovations.
About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs nearly 425 associates. Thalhimer represents, on behalf of its clients, a property portfolio of nearly 55 million leasable square feet, and management of nearly 30 million square feet of commercial property, and over 9,000 multifamily units. In 2022, Thalhimer completed over 1,900 transactions with a transactional volume of more than $2.3 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services. The firm offers comprehensive commercial real estate services including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com.
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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 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.