Northmarq’s Investment Sales team completes $54.2M sale of The Reserve at Jacksonville Commons apartments
JACKSONVILLE, N.C. — Northmarq’s Carolinas Investment Sales team led by Andrea Howard, John Currin, Austin Jackson, Jeff Glenn, and James Dorsett successfully completed the $54.2 million sale of The Reserve at Jacksonville Commons, a 384-unit garden apartment community located at 500 Talon Dr. in Jacksonville, N.C.
Northmarq represented the seller, Blue Ridge Companies. The buyer was Southwood Realty.
"We are proud to have advised on the sale of Reserve at Jacksonville, a community that has been thoughtfully owned and operated by its original developer since completion," Howard said. "The transaction reflects continued investor conviction in the long-term fundamentals of coastal North Carolina, where population growth and limited new housing supply continue to support durable multifamily demand in markets like Jacksonville."
Built in 2000, The Reserve at Jacksonville Commons offers one-, two- and three-bedroom apartments with floor-plans crafted to suit residents’ lifestyles. Units include a private balcony or patio, oversized closets, pantry, washer and dryer connections, sunrooms and central air conditioning. Furnished apartments are available.
Community amenities include a business center, bark park, fitness center, playground, tennis court, sparkling swimming pool sundeck, fire pit lounge and gas grilling station.
The Reserve at Jacksonville Commons offers everyday convenience to its residents. Located in one of Jacksonville’s most sought-after areas, it is just a short drive from the beach. The property boasts close proximity to local shopping, dining and entertainment while still embracing the relaxed, coastal lifestyle the region is known for. Nearby attractions include Haywood Mall, outdoor activities at Wilson Bay Park, and the Jackson Public Library.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
