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Colliers | Charlotte Represents Emberglow Mt. Holly LLC in 31.36 AC Land Sale

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PENLER plans to develop a 314- unit Class A multifamily apartment complex with views of the Catawba River

Colliers | Charlotte is pleased to announce the land sale of 31.36 acres positioned at Exit 27 on I-85 at 55 Caldwell Drive in Mt. Holly, North Carolina. The Land Services Team made up of, Adam Farber, SIOR and Steve Rich, CCIM, represented the seller, Emberglow Mt. Holly LLC.  The buyer was PENLER, an Atlanta-based multifamily investment and development firm. 

PENLER plans to develop a 314- unit Class A multifamily apartment complex with views of the Catawba River. The PENLER team – led by Managing Partner Graham Carpenter and William McGuire, who was recently promoted to Director of Development – worked collaboratively with Mt. Holly and other stakeholders to create a project embraced by the entire community. As PENLER’s fifth ground up development deal, the master plan includes a restaurant and/or brewery with outdoor dining with expansive river views and plenty of greenspace for residents to enjoy. This proposed development will continue adding momentum to the additional commercial and infrastructure projects in the Mt. Holly South Gateway district which includes a 60,000 SF Class A medical office for lease along Beatty Drive, a proposed 200 Class A luxury apartment and townhome project, and the addition of the South Gateway Connector Road Project which will connect Caldwell Drive and YMCA Drive. All of these developments are across from the new $235 million 66-bed CaroMont Health hospital and medical campus which is slated to open in mid-2023. 

ABOUT PENLER
PENLER, launched in 2019, is an Atlanta-based multifamily real estate investment platform focused on major metropolitan areas across the Sun Belt. Led by seasoned professionals with deep knowledge of markets and conditions, as well as an expansive vision for seizing new opportunities, PENLER uses best-in-class investment, development, and asset management processes. For more information, visit www.PENLER.com.

ABOUT COLLIERS INTERNATIONAL 
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 64 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
For further information, please contact: 
Katie Dulin, Marketing Manager Colliers | Charlotte Phone: +1 704 409 2918 | Email: Katie.Dulin@colliers.com
 

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