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Roanoke apartments sell for $14.6M

Building includes 82 units

//September 30, 2022//

Roanoke apartments sell for $14.6M

Building includes 82 units

// September 30, 2022//

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Gramercy Row Apartment Residences has a new owner.

Tazewell Development LLC sold the 82-unit apartment community with ground floor commercial space in downtown Roanoke to a private investor group for $14.6 million on Sept. 22, according to Cushman & Wakefield | Thalhimer.

The apartments, built in 2017,  are located at 206 Williamson Road SE.

Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Roanoke completed the sale, in conjunction with Jorge Rosa and Anthony “TJ” Liberto of Cushman & Wakefield’s mid-Atlantic advisory team.

Taylor said the transaction is the first sale of new-construction infill multifamily property in downtown Roanoke in multiple decades.

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