News

Capstone Apartment Partners announced a $62.5 million sale of Waterside and Watercourse Apartments on behalf of Eco Group, a collaboration of Lee-Moore Capital Company and Montgomery Development. Partnering with 10 Federal of Raleigh to bring the apartments to market, Eco Group received close to $141,000 per door with a sub 5% cap rate.

The newly constructed Waterside was completed in 2019 and 92.5% occupied at time of closing. Watercourse, constructed in 2016, was 98% occupied at time of closing. The two Class A garden-style apartment communities are located in Graham, NC, total 444 units and include robust amenity packages.

Audentes Therapeutics, an Astellas company based in San Francisco, California, announced opening a new facility in Lee County. The life-sciences company purchased a shell building in Central Carolina Enterprise Park, promising to create 209 jobs and invest $109.4M in Sanford over five years. Audentes is focused on developing and commercializing innovative therapies, including a gene therapy portfolio targeting serious rare neuromuscular diseases. Governor Roy Cooper said, “Lee County is a perfect fit for Audentes as they seek to become a global leader in genetic medicines.”

Kirk Bradley attended the American Battlefield Trust (ABT) Day on the Hill on March 5 – 6, 2019 in Washington, DC. He serves as an ABT Trustee. The ABT mission is to “preserve America’s hallowed battlegrounds and educate the public about what happened there and why it matters.”

Kirk heard Woody Williams—sharp as a tack at 95—speak about his service as a marine and his support of saving battlefields. Woody served as a flame thrower in the assault on Iwo Jima and saved countless lives with his heroism; he ultimately witnessed the flag raising on Mount Suribachi. Watch this video of Woody and others share their experience on ABT saved land.