HFF Announces Sale of and Equity for 16.02-acre Development Site in Raleigh, North Carolina

CHARLOTTE, NC – HFF announces the sale of and joint venture equity for the development of a 16.02-acre site in Raleigh’s Crabtree Valley area.

The HFF team marketed the site on behalf of the sellers: Wells Fargo Bank, acting as Trustee for a local family, and Kerr Properties, LLC. Dominion Realty Partners (DRP) purchased the site for $6.2 million. Additionally, the HFF team worked on DRP’s behalf to arrange $16.385 million in joint venture equity for the development of a 221-unit multi-housing community planned for the site. Read More