Northmarq Arranges $40M Sale of Multifamily Property in Clarksville, TN

Northmarq Arranges $40M Sale of Multifamily Property in Clarksville, TN

David Stollenwerk and Bryan Schellinger of Northmarq’s Nashville office, with associates Ben Crawford and Brenden Bercaw, successfully completed the sale of Addison at Rossview for $40 million. This resort-inspired apartment community was built in 2016 and is located at 200 Holland Drive in Clarksville, TN. Northmarq represented the seller – a local developer – while procuring the buyer.

Daniel Trebil (executive vice president & regional managing director) from Northmarq’s Minneapolis debt/equity office worked alongside Jesse Lemos (managing director) from Northmarq’s Nashville debt/equity office to secure financing for Timberland Partners – the buyer.

Addison at Rossview consists of 205 luxury one-, two-, and three-bedroom apartments situated within fast-growing Clarksville area.

“By providing tailored capital market solutions to facilitate this transaction we were able to achieve positive results for both parties involved,” said Schellinger; “this showcases our platform’s strength as well as our commitment towards delivering exemplary outcomes to clients.”

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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