Cushman & Wakefield has arranged the $47.6 million sale of The Vinings at Market Common, a 288-unit apartment community located in Myrtle Beach, South Carolina. Alex Brown, Tai Cohen, and Marc Robinson of Cushman & Wakefield represented Standard Capital Partners, the seller, in the transaction. Sillman Enterprises acquired the property.
“Alex Brown, Tai Cohen, Jacqui Aaron and the entire Cushman & Wakefield team have done a fantastic job for us on yet another transaction,” said Hunter Gibson, Manager at Standard Capital Partners. “Not only did they drive a fair valuation, manage the entire process with flawless execution, but they helped us select one of the best purchasers we’ve ever transacted with. We simply could not be more pleased with the Cushman & Wakefield team and look forward to doing future business with them.”
Nationally ranked as the second fastest growing metro, Myrtle Beach is expected to add 18,700 new jobs through 2023 fueled by its rapidly expanding healthcare and tourism industries. Amenities include a swimming pool with beach entry, an outdoor gathering area with fireplace, an outdoor lounge with a veranda, a pet park/play area, a fitness center, an entertainment kitchen and a clubhouse with business center.
“The Vinings at Market Common is one of the premier assets in Myrtle Beach, offering top-of-the-line interiors and amenities in a booming MSA,” Cohen said.
Cushman & Wakefield’s Southeast Multifamily Advisory Group ranked No. 1 in market share in 2018 based on closed transactions, totaling more than $4.5 billion in sales volume, according to Real Capital Analytics.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory.