LaVie SouthPark apartments in Charlotte purchased by Starlight
JLL Capital Markets completed the sale representing the seller
CHARLOTTE, Jan. 21, 2021 – JLL Capital Markets announced today that it has closed the sale of LaVie SouthPark, a 321-unit multi-housing property located at 5725 Carnegie Blvd. in Charlotte, North Carolina.
JLL represented the seller to complete the sale to Starlight.
LaVie SouthPark offers studio, one- and two-bedroom floorplan options, and contain modern finishes with stainless steel appliances and granite countertops in kitchens. The NGBS Green-registered building has sustainable features and offers community amenities including a lush saltwater pool with a sundeck and lounge; clubroom; business center with coworking space; and a two-story fitness center with a yoga studio.
LaVie SouthPark sits in one of Charlotte’s most desirable communities, boasting a thriving business environment (more than 67,000 employees and 4.64 million square feet of office space), lively shopping and entertainment venues (including Simon Property Group-owned SouthPark Mall) and substantial infrastructure improvements (such as the SouthPark Cultural Loop). The Cultural Loop is a pedestrian path that will eventually connect SouthPark’s three most visited areas: Piedmont Row, Morrison Regional Library and Phillips Place.
“Affluent suburban assets with institutional pedigrees continue to attract both foreign and domestic capital to the Carolinas,” said Howard. “The seller’s recognition of SouthPark’s livability amid a high-growth Charlotte market proved more prescient each year of its ownership, culminating in a successful transaction to Canadian-based Starlight.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.