Cushman & Wakefield has arranged the $47 million sale of The Village at Westland Cove, a 240-unit Class-A+ apartment community in Knoxville, Tennessee.
Jimmy Adams and Robert Stickel of Cushman & Wakefield represented the seller, StoneRiver Company, in the transaction. H3 Real Estate Advisors acquired the property.
The Village at Westland Cove, completed in 2019, is located on Fort Loudoun Lake with immediate access to more than 1 million square feet of retail space and the third-ranked school system in the state of Tennessee.
Additionally, the property is conveniently located less than two miles from Interstate-40 with quick access to major employers. Amenities include Amazon lockers, a car care center, clubhouse, coffee bar, dock, pet play area, business center, gaming patio, on-demand fitness, outdoor kitchen, swimming pool and kayaks are available for resident use.
StoneRiver Company, headquartered in Birmingham, Alabama, was the developer for the project and StoneRiver Property Management served as the property management firm. StoneRiver is a real estate development and investment firm focused on multifamily throughout the southeast.