RALEIGH, N.C. (Jan. 21, 2011) – Grubb & Ellis|Thomas Linderman Graham, a leading North Carolina real estate services firm, announced today that it represented an undisclosed seller in the disposition of Patriot’s Pointe Apartments, (top left photo) located at 100 Patriot’s Pointe Drive in Hillsborough. The property sold for $16.0 million, or $66,667 per unit. Completed in 2005, Patriot’s Pointe Apartments is a 240-unit apartment complex totaling 284,082 square feet on 27.55 acres of land. The complex was approximately 90 percent occupied at the time of sale.
Curteis Calhoun (lower right photo) of Grubb & Ellis|Thomas Linderman Graham represented the seller in the transaction. Brantley Properties, based in Greensboro, N.C., purchased the apartment complex.
Contact: Elizabeth Raiford, Phone: 919.420.1563,
Email: elizabeth.raiford@tlgcre.com
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