North Charleston Apartment Community Trades for $30M

Cushman & Wakefield has arranged the $29.6-million sale of Greenwood at Ashley River, a 280-unit apartment community in North Charleston, SC.

Jordan McCarley, Marc Robinson and Tai Cohen of Cushman & Wakefield represented the seller, The RADCO Cos., in the transaction. Brick Lane was the buyer. Under RADCO’s ownership, Greenwood at Ashley River received more than $4.3 million in capital upgrades for curb appeal and amenity improvements.

“Greenwood at Ashley River demonstrates once again what RADCO does best,” said Norman Radow, CEO at RADCO. “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.”

For comments, questions or concerns, please contact David Cohen