Cushman & Wakefield has arranged the $18.33 million sale of Evergreen at the Bluffs, a 161-unit apartment community located in Knoxville, Tennessee. Robbie O’Bryan, Nelson Abels and Brad Boston of Cushman & Wakefield represented the seller, Evergreen Residential, in the transaction. Hudson Capital Investments acquired the property.
“Evergreen at The Bluffs is well-positioned in the market and poised for continued growth,” O’Bryan said. “This asset is exceptionally located, providing residents convenient access to strong retail centers and Knoxville’s major employment hubs as well offering a private residential setting. The Knoxville MSA has a reputation for consistent job, wage, and population growth, which make it a compelling marketplace for a variety of investors.”
Evergreen at the Bluffs, built in 2009, benefits from desirable demographics in northern Knoxville, and is near new, quality retail such as Chick-fil-A, Starbucks, and Kroger. The property offers an attractive amenity package, highlighted by a swimming pool and clubhouse.
Cushman & Wakefield’s Southeast Multifamily Advisory Group is the most active firm in the region, with the No. 1 market share based on transactions and sales volume reported to CoStar. In 2017, the group closed $4.8 billion in sales volume through 268 deals and more than 55,000 units. For more information about Cushman & Wakefield’s Southeast Multifamily Advisory Group, visit https://multifamily.cushwake.com.