![]() The Spectrum Companies is a commercial real estate firm that changes lives by creating special places. Residents also enjoy a resort-style saltwater pool, dog park, game room, and outdoor grilling areas. The property features a full range of amenities including a 4,100-square-foot fitness center and 7,500-square-foot clubhouse and lounge. Lantower will manage the property and rename the community Lantower Garrison Park. “Garrison Park represents an A+ quality-built community that residents will enjoy for years to come.” “We continue to see incredible investment in multi-family communities along the Queen City’s I-485 beltway, thanks to Charlotte’s promising employment prospects and Class A commercial scene,” Troop said. The Capstone Apartment Partners transaction team was led by Caleb Troop and Alex McDermott, who also brokered the sale of Paxton Point on behalf of Spectrum. ![]() In July, the real estate company sold the 274-unit Paxton Point Hope community in Charleston, South Carolina, and recently broke ground on additional multi-family and mixed-use projects in both markets. Garrison Park is the second newly constructed luxury apartment community that developer Spectrum has sold within the last three weeks, totaling $113 million. “We continue to push ourselves to provide best-in-class communities that residents demand, and it’s through projects like Garrison Park that Spectrum fulfills its mission of changing lives by creating special places.” “The sale of Garrison Park marks the conclusion of a tremendous team effort building among the highest quality suburban apartment communities in the Charlotte market,” said Spectrum’s COO, Steve McClure. The property features studio, one-, two- and three-bedroom apartments, including two-bedroom carriage homes. The newly constructed Garrison Park was completed this spring and was approximately 45 percent occupied at the time of closing. CHARLOTTE, NC-Capstone Apartment Partners announces it has closed the $62.7 million sale of Garrison Park: a 322-unit apartment community with a full amenity package immediately adjacent to the I-485 loop near Concord Mills in northeast Charlotte, North Carolina.Ĭapstone sold the property on behalf of the Charlotte-based company, The Spectrum Companies, and procured the all-cash buyer, Lantower Residential, of Dallas, Texas.
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