A Connecticut investment company has completed the purchase of a multi-family apartment complex in Boiling Springs.
According to Charleston-based One Eleven Partners, Villas at Lawson Creek was sold by Greenville-based Graycliff Capital to Hamilton Point Investments — a firm headquartered in Old Lyme, Conn. for $19 million. Chris Yeagle and Kyle Chase of One Eleven Partners brokered the sale of the complex.
“There has been over $15 billion in capital investments in the Greenville-Spartanburg market in the last nine years and $400 million in announcements during the last quarter of 2016,” Yeagle said, in a news release announcing the sale. “These capital investments in the Upstate will continue to bring strong job and population growth to the area.”
Villas at Lawson Creek is a 202 unit, multi-family apartment complex developed in 2009. It is composed of one-, two- and three-bedroom apartments on 9159 Asheville Highway near Interstate 26.
This is the first acquisition in the Upstate for Hamilton Point Investments. According to its website, the company has invested in property in Myrtle Beach, Rock Hill, Georgia, North Carolina, Indiana, Kentucky, Connecticut, Arkansas, Ohio, Utah and New Mexico.