Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Seleno at Bridge Street, a 244-unit multifamily property located in Huntsville, Alabama.
Cushman & Wakefield’s Craig Hey and Andrew Brown represented the seller, Twenty Lake Holdings, in the transaction. The multifamily property was acquired by Steadfast.
“Seleno at Bridge Street is beautifully designed with top-tier finishes and location. This Class A design, coupled with its central location and walkability make it a great acquisition for Steadfast. We’re excited for both parties as the property is well positioned for continued rent growth Huntsville market,” said Hey, Vice Chair at Cushman & Wakefield.
Built in 2019, Seleno at Bridge Street serves as the multifamily element of Bridge Street Town Centre, a more than 550,000-square-foot outdoor lifestyle center featuring over 70 shops and restaurants, a six-story Class A office building, and three hotels.
The property also offers a comprehensive amenity package that includes a state-of-the-art fitness center, heated resort-style swimming pool with in-pool loungers, clubhouse with TV’s and a kitchen/coffee bar, dog park and pet spa, game lounge with glass garage doors overlooking the pool area, karaoke room, focus rooms, and more.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 95-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2021, the group closed $13.8 billion in sales volume through 429 deals and nearly 85,000 units.