Cushman & Wakefield arranges $23.35 million sale for MAS Broken Arrow

Apartment community sells for $108,127 per unit


Cushman & Wakefield has arranged the $23.35 million sale of Heron Lake, an apartment community located in Columbia, South Carolina. Tai Cohen, Jordan McCarley and Marc Robinson of Cushman & Wakefield represented seller, MAS Broken Arrow, in the transaction. Collins Group acquired the property.

“We are excited by our first South Carolina purchase and appreciate the support from Cushman & Wakefield,” said David Parnes, Senior Vice President at Collins Group. “We look forward to yet another successful value-add implementation on Heron Lake.”

With attractive, low-maintenance brick and Cementitious fiberboard exteriors, Heron Lake is a high-quality asset in the booming Columbia MSA. Amenities include bike storage, car care center, fitness center, pool, sand volleyball courts and a pet park.

“Heron Lake residents enjoy seamless access to premier retail and employment centers,” Cohen said. “Sitting in the heart of northern Richland County’s path of growth makes it an incredibly attractive investment for Collins Group.”

Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2018 based on closed transactions, totaling more than $4.5 billion in sales volume, according to Real Capital Analytics.