Embrey Partners acquires 21.23 acres for $7.25 million

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Jefferson County

Property Location: S/S C-470, approx. 1,000’ west of S. Kipling Blvd., also fronts northwest side of W. Toller Drive

Property Description: Vacant land, proposed 345 units

Land Size: 21.23 acres

Sales Price: $7.25M, or $21,014 per buildable unit, or $7.84 psf

Reception No.: 2018010338

Closing Date: 1/15/2018

Grantor: Land Securities Investors Ltd. by: Sunset Management Services Inc., Darrin J. Stock, pres.

Grantee: SCRS Westerly Apartments LLC c/o TA Realty LLC, Boston, MA 02109, attn: Scott L. Dalrymple, SVP, c/o Embrey Partners

Financing: $45M payable to Wells Fargo Bank, NA (construction loan)

Comments: Joint venture between TA Realty of Boston and Embrey Partners, Brent Goodwin, mgr., bgoodwin@embreydc.com.

See APN: 69-042-01-004, case No. 17100853 PA – 8600 S. Oak Way, 80123

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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