Berkadia has arranged the $33.2 million sale of Palmetto Creek, a 260-unit multifamily property in North Charleston. Mark Boyce and Blake Coffey of Berkadia’s Carolinas office represented the seller, Texas-based Lurin Capital, in the transaction. The buyer was Washington D.C.-based Brick Lane.
Located at 3311 Mountainbrook Ave., the property features townhouse-style units, of which, roughly 75% are newly renovated. Community amenities include a swimming pool, fitness center, playground and an outdoor area with grilling stations. Residents have access to nearby Interstate 26 as well as the shops and restaurants along Ashley Phosphate Road.
