Colliers announced the $115 million off-market sale of 2000 West Creek, a 373-unit luxury multifamily community in Richmond, Va. The asset was acquired by Weinstein Properties from Capital Square in a transaction that ranks among the largest multifamily sales in Richmond’s history.
Will Mathews, vice chair and U.S. capital markets board of advisors multifamily transaction lead, Thomas Leachman, senior vice president of the national multifamily advisory group and William Dickinson, associate, led the Colliers team representing the seller.
The community consists of 373 luxury multifamily apartment and townhome residences located in Goochland County, the most affluent county in the Richmond metropolitan area. The asset spans approximately 23.9 acres and features residences averaging 1,001 square feet, significantly larger than competing communities in the market. The included 16 townhome accommodations average 1,757 square feet and are a highly differentiated product ty
