Berkadia Completes $23.76 Million Sale for Multifamily Property in South Carolina

June 16, 2022

Berkadia Completes $23.76 Million Sale for Multifamily Property in South Carolina

June 16, 2022
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CHARLESTON, S.C. – June 15, 2022 – Berkadia announced today the sale of Westbury Mews, a 132-unit garden-style multifamily property located in Summerville, South Carolina. Managing Director Mark Boyce and Director Blake Coffey of Berkadia Charleston completed the $23.76 million sale on behalf of the seller, Nebraska-based Burlington Capital Group, and the buyer, Tennessee-based Fogelman Properties. The deal closed on June 9.

Located at 1425 Old Trolley Road, Westbury Mews features one-, two- and three-bedroom floor plans with in-unit washers and dryers, dishwashers and vaulted ceilings. Community amenities include a swimming pool, a fitness center and a playground. Residents are afforded convenient access to Summerville Medical Center, The Golf Club at Westcott Plantation and the shops and restaurants near Old Trolley Road.