CBRE has arranged the sale of Elliston 23, a 331-unit multifamily property in Nashville, Tennessee.
San Diego-based Sunroad Enterprises purchased the property from The Connor Group, a Dayton, Ohio-based real estate investment firm for $162 million.
Brett Carr and Kevin Geiger of CBRE represented the seller in the transaction and Nate Sittema of CBRE’s Debt and Structured Financing Group in Charlotte arranged the financing on behalf of the buyer.
Elliston 23 offers studio-, one- and two-bedroom floorplans averaging 844 square feet and features in-suite washers and dryers, granite countertops, stainless steel appliances, a 24-hour fitness center, a year-round heated pool and sun deck area, a 24-hour conference room, a controlled-access parking structure and a courtyard with gas grilling stations.
Elliston 23 also features more than 15,000 square feet of integrated ground-floor retail, including multiple restaurants, a cycling studio, beauty salons and a spa.
The property is located at 2312 Elliston Place within the West End submarket in downtown Nashville and is within walking distance to Vanderbilt University, St. Thomas Hospital, Centennial Park, The First Center for Visual Arts and more than 150,000 jobs.
