People on the Move | Sean Farrell
June 7, 2024
Edgewater Ventures is pleased to announce that Sean Farrell has joined the ABODE Communities team as a Director of Asset Management. He will be responsible for asset management activities, investor relations, company operations, and assisting with development and acquisitions.
With nearly ten years of experience in real estate, Sean specializes in multifamily properties. He has played a key role in acquiring over 2,500 units and has managed a diverse asset portfolio worth more than $4 billion.
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Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City.
A regional law firm has signed a renewal for its longtime headquarters in Raleigh, North Carolina.
Tim Skender, principal at Edgewater, said the acquisition was a good opportunity in a submarket that is thriving. "We’re big believers in lifestyle office or neighborhood office," he said. "1800 Central is well-located, in a dynamic, growing (submarket) where the neighborhood is the amenity for the people who office there. There’s a lot of momentum in Plaza, broadly speaking."
