CHARLOTTE, NC – July 18, 2018 – HFF announces the $69.25 million sale of Centric Gateway, a 297-unit, newly completed mid-rise apartment community in Charlotte, North Carolina’s Uptown area.

The HFF team marketed the offering on behalf of the seller, Dominion Realty Partners.  TH Real Estate, an affiliate of Nuveen (the investment manager of TIAA), purchased the property free and clear of existing debt.

Centric Gateway is located at 1010 West Trade Street positioning it near all of Uptown Charlotte’s employment, retail and entertainment amenities, including Gateway Village, Johnson & Wales University, Romare Bearden Park, Bank of America Stadium, BB&T Ballpark and Spectrum Center. Completed last year, the property comprises studio, one- and two-bedroom units featuring chef-inspired kitchens, stainless steel appliances, designer finishes, plank flooring, large walk-in closets, oversized windows, in-unit washers and dryers, and private patios or balconies.  Community amenities include a resort-style saltwater pool, outdoor grilling and dining areas, fitness center, yoga/flex studio, sport courts, club lounge with game room and nearby access to bike share stations, light rail and bus service.  Centric Gateway’s environmentally-conscious design has earned it National Green Building Standard™ (NGBS) Bronze-level certification.

The HFF investment advisory team representing the seller included managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

Holliday GP Corp. (“HFF”) is a North Carolina licensed real estate broker.