Roanoke apartments sell for $14.6M
Building includes 82 units
Gramercy Row Apartment Residences has a new owner.
Tazewell Development LLC sold the 82-unit apartment community with ground floor commercial space in downtown Roanoke to a private investor group for $14.6 million on Sept. 22, according to Cushman & Wakefield | Thalhimer.
The apartments, built in 2017, are located at 206 Williamson Road SE.
Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Roanoke completed the sale, in conjunction with Jorge Rosa and Anthony “TJ” Liberto of Cushman & Wakefield’s mid-Atlantic advisory team.
Taylor said the transaction is the first sale of new-construction infill multifamily property in downtown Roanoke in multiple decades.