Investors snapping up apartment communities, as well as a rental townhome property, represented New Hanover County’s highest real estate sales in 2018, according to tax data, with the top two located in Wilmington’s midtown area. 1. Property: St. Andrews Reserve Apartments 814 St. Andrews Drive Price: $48.5 million Buyer: Kettler, a Virginia-based firm Seller: AGM Wilmington LLC No. of units: 390 (sale also included unused land) Year built: Phase 1 in 1999 and Phase 2 in 2003 Month sold: October |
2. Property: Crosswinds Apartments 1108 St. Andrews Drive Price: $43 million Buyer: Florida-based Priderock Capital Partners Seller: Bedrock Holdings II LLC No. of units: 380 Year built: 1990 Month sold: June |
3. Property: Myrtle Landing 7220 Myrtle Grove Road Price: $30.25 million Buyer: Spyglass Capital Partners, based in New Jersey Seller: Tribute Companies No. of units: 144 rental townhomes (sale also included unused land) Year built: 2016-17 Month sold: April |
4. Property: The Preserve at Pine Valley (formerly Governour’s Square Apartments) 3314 Wickslow Road Price: $18.4 million Buyer: Latitude Real Estate Investors of Beverly Hills, California Seller: Governours Square Club LLC No. of units: 219 Year built: 1974; effective year built: 2000 Month sold: March |
5. Property: Hanover Landing Apartments 3439 Wilshire Blvd. Price: $16.25 million Buyer: Hanover Landing 2018 LLC, based in New Jersey Seller: Heritage Hanover LLC No. of units: 112 Year built: 1967; effective year built: 1985 Month sold: June |
Conservation Group Signs $8M Deal To Buy The Point On Topsail Island
Audrey Elsberry
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Mar 26, 2024
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Rezoning Could Bring 123 Townhomes To Growing Leland Corridor
Emma Dill
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Mar 25, 2024
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N.C. Ports Officials React To Baltimore Bridge Collapse
Audrey Elsberry
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Mar 26, 2024
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Engineering Firm Hires Four Employees
Staff Reports
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Mar 26, 2024
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National Organization Bestows Top Award On Cape Fear Professional Women In Building
Staff Reports
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Mar 26, 2024
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The N.C. Blueberry Festival, founded in 2003, is one of several events in Pender County that have drawn more attention over the years....
Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....
Polyhose manufactures and fabricates hose protection, paint hose assemblies and rubber hydraulic assemblies from its Pender County facility....
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.