Williamsburg apartment complex sells for $46.5M
Elan-Williamsburg includes 198 units
An apartment complex in Williamsburg sold for $46.5 million, commercial real estate firm Colliers International announced Wednesday.
Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex developed by Charleston, South Carolina-based real estate developer Greystar in 2018. It was sold to Glen Allen-based real estate investment group Capital Square 1031.
Nine different floor plans are available that include options of one to three bedrooms and one or two bedrooms. Square footage ranges from 696 square feet to 1,232 square feet.
The apartment complex is located within a three-mile radius of the Williamsburg Premium Outlets, Colonial Williamsburg, Merchants Square, the Shops at High Street and Marketplace Shopping District.
A Colliers National Multifamily Advisory Group team including G.S. “Hank” Hankins, senior vice president; Charles Wentworth, senior vice president; Will Mathews, managing director; Victoria Pickett, first vice president; and associates Clay Ellis and Garrison Gore represented the seller.