Fort Mill apartment community sells for $49 million
JLL Multifamily Capital Markets represents seller of 280-unit Beckett Farms community
Charlotte, N.C., Mar, 15, 2019 – JLL Multifamily Capital Markets experts have completed the sale of Beckett Farms, a 280-unit apartment community in Fort Mill, S.C. Developed by Miller-Valentine Group, the community features luxury units and modern amenities designed with a farmhouse chic aesthetic in a park-like setting convenient to local employers, retail and restaurants.
JLL Senior Vice Presidents Andrea Howard and Jim Sewell led the team handling the sale on behalf of Miller-Valentine Group. The buyer was PRG Real Estate of Philadelphia, Pa.
Located on 44 acres near the intersection of Gold Hill Road and Interstate 77 in Fort Mill, Beckett Farms opened in late 2017 and offers proximity to key employment centers, highly regarded public schools, nearby retail and restaurants, and recreational amenities such as the Anne Springs Close Greenway, which offers 2,100 acres of outdoor recreation and 40 miles of trails. Beckett Farms was designed by Axiom Architecture, Design Resource Group and Vignette Interior Design. CF Evans Construction built the community, which was branded by Yellow Duck Marketing.
Fort Mill recently landed the corporate headquarters of RoundPoint Mortgage and is home to major employers such as Lash Group and LPL Financial.
“With its top-of-market finishes and amenities, Beckett Farms is a premier multifamily asset in one of Charlotte’s fastest growing suburbs and drew significant investor interest,” said Andrea Howard of JLL.
JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.