Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Lively Victor Park, a 318-unit multifamily community located in Greer, South Carolina.
Cushman & Wakefield’s John Phoenix, Louis Smart, and Austin Green represented the buyer in the transaction. The multifamily community was acquired from local South Carolina Developer, Orange Capital Advisors.
“Located in the heart of the Upstate amidst rapid economic growth, Lively Victor Park is well positioned in the Greenville-Spartanburg MSA,” said Phoenix, Senior Director at Cushman & Wakefield. “The premier asset is walkable to the vibrant Downtown Greer shops and restaurants, while also proximate to I-85, providing seamless connectivity to the growing list of major manufacturing, logistics, and technology employers in the market.”
Built in 2022, the four-story surface parked asset boasts top of the market finishes and amenities, including a resort style saltwater pool with adjacent bocce area, Sky Lounge, dog park, multiple gathering areas, and a 2-story gym with an indoor climbing wall.
“This acquisition is the latest example of institutional investors targeting high quality multifamily investments along the fast growing I-85 corridor between Charlotte and Atlanta,” added Smart, Director at Cushman & Wakefield.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 109-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 2022, the group closed $11.1 billion in sales volume through 360 deals and over 60,300 units.
