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Biggest real estate sales in 2017 are local apartment complexes

A walking path and fountain are situated between buildings at The Haven at Commons Park, a luxury apartment complex located near the shopping mall district in East Brainerd.
A walking path and fountain are situated between buildings at The Haven at Commons Park, a luxury apartment complex located near the shopping mall district in East Brainerd.

By Staff Report 2 min read

The sale of major apartment complexes comprised most of the biggest real estate sales in Hamilton County during 2017.

1. The Haven at Commons Park, a 318-apartment facility near Hamilton Place mall, sold for $40.5 million to Inland Residential of Oak Brook, Illinois.

2. The Village at Apison, a 248-unit apartment complex at 545 Tradewind Circle, was sold last month for $31.9 million to Hudson Capital Apison LLC, a real estate partnership in East Rutherford, N.J.

3. The FedEx distribution center at 5076 Summit Spring Way near I-75 sold to JWM Chattanooga LLC for $31.9 million.

4. New Life Care Center at 1502 McDonald Road in East Ridge sold to East Ridge SNF Real Estate for $24 million.