Embrey Acquires 7-Acre Development Site In Charlotte's NoDa District For $13M

Embrey has acquired a 7-acre development site in Charlotte's NoDa district for its fourth apartment project in the area. The property, located at 3035 North Tryon Street, was sold for a total of $13,000,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $13,000,000
• Address: 3035 North Tryon Street
• Market: Charlotte, NC
• Buyer: Brad Knolle - Embrey
• Acres: 7

This acquisition by Embrey marks their fourth apartment project in the NoDa district of Charlotte. The development site, spanning across 7 acres, presents an opportunity for the company to continue its growth in the area and expand its portfolio.