LOUISVILLE, KY – Cushman & Wakefield and its alliance member Commercial Kentucky announced that they have arranged the sale of Veranda at Norton Commons, a 236-unit multifamily property in northeast Louisville.
Mike Kemether of Cushman & Wakefield along with Craig Collins and Austin English of Commercial Kentucky represented the seller in the transaction. The multifamily property was sold by Passco Companies and acquired by The Connor Group.
"The Connor Group knew that Veranda at Norton Commons was a special property, in a high demand neighborhood,” said Collins, Senior Director at Commercial Kentucky. “They were aggressive in their acquisition, and smooth in the transition of ownership. We expect this property will be a top performer in their portfolio."
Built in 2015, Veranda at Norton Commons anchors the east side of Louisville’s only architecturally planned community Norton Commons. Norton Commons is a fully walkable community with a variety of retail options, restaurants, schools, playgrounds, and various parks.
Veranda at Norton Commons offers best-in-class amenities including a swimming pool and sundeck, dog park with training obstacles, fitness center, and a resident clubhouse with an event room for private parties and a community kitchen.
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. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com
About Cushman & Wakefield: Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Cushman & Wakefield | Commercial Kentucky: As a leading provider of commercial real estate services in Kentucky and southern Indiana, Cushman & Wakefield | Commercial Kentucky provides a comprehensive array of integrated real estate services to owners, users and investors of real estate. We help our clients maximize asset value and utilize real estate to their strategic advantage through innovative planning, execution and management of those real estate assets. As a full-service commercial real estate firm, we provide property sales and leasing, tenant representation, consulting, financial services, appraisal services, and real estate research services to the Greater Louisville area, including Jefferson, Bullitt, Shelby and Oldham counties in Kentucky, and Clark, Floyd, Harrison and Scott counties in Indiana. The firm also provides real estate services throughout Kentucky and Indiana.