{"id":1818,"date":"2021-06-24T16:15:36","date_gmt":"2021-06-24T20:15:36","guid":{"rendered":"https:\/\/www.lee-associates.com\/raleigh\/?p=1818"},"modified":"2021-06-24T16:15:36","modified_gmt":"2021-06-24T20:15:36","slug":"strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/raleigh\/2021\/06\/24\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\/","title":{"rendered":"Strong housing demand fuels $18 million sale of Raleigh area property"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1828\" src=\"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/06\/401-Land-Assembly-Regional-Map_-512x384.jpg\" alt=\"\" width=\"512\" height=\"384\" \/>RALEIGH, N.C., June 24, 2021 &#8211;<\/strong> Lee &amp; Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee &amp; Associates, announced today that its Land Team has completed the $18 million sale of a 290.27-acre, nine-parcel land assemblage in Garner.<\/p>\n<p>The sellers were represented by Lee &amp; Associates Raleigh-Durham, led by Vice President Russell Stewart, J.D.. CEO &amp; Principal Moss Withers, SIOR, MBA also supported the sale.<\/p>\n<p>&#8220;I have really enjoyed working with Russell and Moss at Lee &amp; Associates. These guys are very easy to work with and have been nothing but professional from start to finish. They kept me informed and up to date throughout the entire process,\u201d said Scott Hoch, one of the sellers. \u201cThey have represented me on multiple transactions, and they have delivered each and every time.\u201d<\/p>\n<p>The land is situated on US Highway 401 near Ten-Ten Road and the future I-540 connection in Garner, one of Wake County\u2019s most rapidly growing suburbs. The site is nine miles south of Downtown Raleigh and provides a seamless connection to I-40.<\/p>\n<p>The Town of Garner Board of Alderman approved in September 2020 a request by RST Development, LLC to rezone the site to a planned residential development. The Board approved plans for 365 single-family homes, 455 townhomes, and 500 apartment units, for a total of 1,320 new homes.<\/p>\n<p>Demand for housing continues to drive land sales in Wake County. The Town of Garner reported in May 2021 that it has more than 4,500 single family lots, 2,100 townhomes, and 2,100 apartment units either approved or under construction.<\/p>\n<p>\u201cWe are thrilled to bring highly amenitized housing options to this prime Garner location,\u201d said Scott Copeland, principal of RST Development. \u201cThe communities will offer trails, swimming pools, fitness centers, membership opportunities and ample spaces to gather.\u201d<\/p>\n<p>Lee &amp; Associates Raleigh-Durham is a full-service commercial real estate firm and delivers world class service to an array of regional, national, and international clients &#8211; from small businesses and local investors to major corporate users and institutional investors.<\/p>\n<p>For more news, research, and resources, please visit our <a href=\"https:\/\/www.lee-associates.com\/raleigh\/news\/\" target=\"_blank\" rel=\"noopener\">newsroom<\/a>.<\/p>\n<p><span style=\"font-size: 10pt\"><strong>ABOUT LEE &amp; ASSOCIATES<\/strong><\/span><br \/>\n<span style=\"font-size: 10pt\">Lee &amp; Associates Raleigh-Durham is a commercial real estate brokerage, management, and appraisal services firm. Established in 2018, Lee &amp; Associates Raleigh-Durham has grown its service platform to include reach in the Triangle, Triad, and Coastal areas of North Carolina. With 28 brokers and a Top 5 Lee &amp; Associates Property Management team, we combine the latest technology, resources, and market intelligence with experience, expertise, and commitment to superior service to optimize client results. For the latest news from Lee &amp; Associates, visit leeraleigh.com or follow us on <a href=\"https:\/\/www.facebook.com\/LeeRaleighDurham\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/lee-associates-raleigh-durham\/\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a>, <a href=\"https:\/\/twitter.com\/LeeAssociatesRD\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, <a href=\"https:\/\/www.instagram.com\/leeassocrdu\/\" target=\"_blank\" rel=\"noopener\">Instagram<\/a>, and <a href=\"https:\/\/www.lee-associates.com\/link\/\" target=\"_blank\" rel=\"noopener\">Link<\/a>, our company blog.<\/span><\/p>\n<p><span style=\"font-size: 10pt\"><strong>CONTACT<\/strong><\/span><br \/>\n<span style=\"font-size: 10pt\">Alyssa Byrd, Director of Marketing and Communications<\/span><br \/>\n<span style=\"font-size: 10pt\">Lee &amp; Associates Raleigh-Durham<\/span><br \/>\n<span style=\"font-size: 10pt\">abyrd@lee-associates.com<\/span><br \/>\n<span style=\"font-size: 10pt\">919-572-2512<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RALEIGH, N.C., June 24, 2021 &#8211; Lee &amp; Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee &amp; Associates, announced today that its Land Team has completed the $18 million sale of a 290.27-acre, nine-parcel land assemblage in Garner. The sellers were represented by Lee &amp; Associates Raleigh-Durham, led by Vice President Russell Stewart, J.D.. CEO &amp; Principal Moss Withers, SIOR, MBA also supported the sale. &#8220;I have really enjoyed working&#8230;<\/p>\n","protected":false},"author":85,"featured_media":1828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[],"class_list":["post-1818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strong housing demand fuels $18 million sale of Raleigh area property - Lee &amp; Associates | Raleigh Durham<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/06\/24\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong housing demand fuels $18 million sale of Raleigh area property\" \/>\n<meta property=\"og:description\" content=\"RALEIGH, N.C., June 24, 2021 &#8211; Lee &amp; Associates Raleigh-Durham, the regional office of the national commercial real estate firm Lee &amp; Associates, announced today that its Land Team has completed the $18 million sale of a 290.27-acre, nine-parcel land assemblage in Garner. The sellers were represented by Lee &amp; Associates Raleigh-Durham, led by Vice President Russell Stewart, J.D.. CEO &amp; Principal Moss Withers, SIOR, MBA also supported the sale. &#8220;I have really enjoyed working...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/06\/24\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates | Raleigh Durham\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-24T20:15:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/raleigh\/wp-content\/uploads\/sites\/64\/2021\/06\/401-Land-Assembly-Regional-Map_-e1624554265233.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"marketing\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/\"},\"author\":{\"name\":\"marketing\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/#\\\/schema\\\/person\\\/74249ecd9cf3eb9fbcf5ee8eaeea3359\"},\"headline\":\"Strong housing demand fuels $18 million sale of Raleigh area property\",\"datePublished\":\"2021-06-24T20:15:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/\"},\"wordCount\":465,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/wp-content\\\/uploads\\\/sites\\\/64\\\/2021\\\/06\\\/401-Land-Assembly-Regional-Map_-e1624554265233.jpg\",\"articleSection\":[\"Blog\",\"Press Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/raleigh\\\/2021\\\/06\\\/24\\\/strong-housing-demand-fuels-18-million-sale-of-raleigh-area-property\\\/\",\"name\":\"Strong housing demand fuels $18 million sale of Raleigh area property - Lee &amp; 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