Cushman & Wakefield has arranged the $29.65 million sale of Greenwood at Ashley River, a 280-unit apartment community located in North Charleston, South Carolina. Jordan McCarley, Marc Robinson and Tai Cohen of Cushman & Wakefield represented the seller, The RADCO Companies, in the transaction. Brick Lane was the buyer.
“Greenwood at Ashley River demonstrates once again what RADCO does best,” said Norman Radow, CEO of The RADCO Companies. “We identified a struggling property, we modernized and substantially improved it, and then transformed it into a vibrant community. We wish our buyer the same success with the community that we enjoyed.”
“Brick Lane and our partner, Enterprise Community Investment, Inc., are very excited to expand our presence in the North Charleston market and look to add to our portfolio in South Carolina in the future,” said Gib Hale, Vice President of Acquisitions for Brick Lane. “We thank RADCO and Cushman & Wakefield for a smooth transaction.
