Northmarq’s Charlotte, Dallas and Irvine teams receive CoStar Impact ‘Sale/Acquisition of the Year’ Awards
MINNEAPOLIS (March 27, 2024) — Northmarq’s Investment Sales teams from Charlotte, N.C.; Irvine, Calif.; and Dallas have received the Sale/Acquisition of the Year Award as part of CoStar’s 2024 Impact Awards.
The annual CoStar Impact Awards recognize exceptional commercial real estate transactions and projects completed in 2024 with influence in neighborhoods or submarkets across 128 major markets. Winners were selected from a panel of more than 660 industry professionals drawn from each respective market.
Sale/Acquisition of the Year in Columbia, S.C. MSA: 2000 Carolina Pines Drive
Wyatt Groseclose, vice president in Northmarq’s Charlotte office, was recognized for the sale of 2000 Carolina Pines Drive — at over 460,000 square feet, it’s one of the largest industrial facilities in Columbia, S.C.
Before the sale, the facility’s three warehouse sections — with the ability to handle light manufacturing — weren’t fully utilized. The $26.5 million acquisition by Weston Inc. will utilize multiple bays, accommodate a broader pool of tenants and create more jobs for the community.
Read the full CoStar article about this sale/acquisition.
Sale/Acquisition of the Year in Dallas-Fort Worth: LiVE Grandscape
Northmarq’s Dallas Multifamily Investment Sales team of Taylor Snoddy, Eric Stockley and Charles Hubbard won Sale/Acquisition of the Year in Dallas-Fort Worth for its brokerage of LiVE Grandscape, a 345-unit multifamily property in The Colony, Texas.
The luxury apartments were part of a master-planned development in the northern Dallas suburb, and Northmarq’s team secured the buyer during a turbulent capital market.
Read the full CoStar article about this sale/acquisition.
Sale/Acquisition of the Year in Orange County: Nineteen01
Shane Shafer and Peter Hauser of Northmarq’s Irvine office received the CoStar Impact Award for the sale of Nineteen01, a 264-unit apartment complex in Santa Ana, Calif.
Despite rising interest rates, the $102.9 million sale showed confidence in the Orange County investment sales market. The deal represented the fourth-largest multifamily transaction in 2024 in Orange County.
Read the full CoStar article about this sale/acquisition.
Learn more
Visit the CoStar Impact Awards website to learn more about the awards and view the full list of winners.
Related Contacts
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.