Thursday, June 21, 2018
2600 GLENWOOD AVENUE, RALEIGH, NC
AGNC transacted the sale and purchase of the land for the The Carolinian on Glenwood, a luxury mid-rise apartment building located in the heart of Raleigh. Representing the Seller, a partnership led by long-time Raleigh based, Grubb Ventures, and the Buyer, Stiles Corporation, a leading full-service real estate development and construction company headquartered in Ft. Lauderdale, FL. AGNC played a significant role locally by ensuring that the needs of both parties were met during the negotiation of the property’s sale and purchase.
The Carolinian on Glenwood is a podium build, with 2 levels of ground floor concrete structured parking and 5 levels of stick-built luxury apartments above. It opened during the 4th quarter of 2017 and is currently being offered at the highest per square foot rent in the Triangle market. With 186 generously-sized multifamily units situated on just under 3 acres of land, the property overlooks the historic Carolina Country Club golf course.