Velo Verdae multifamily trades for $48 million

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Velo Verdae

The Velo Verdae multifamily community at 205 Verdae Blvd., Greenville, has sold for $48 million.

The property was sold by a partnership of New York City-based real estate investment firm Glenmont Capital Management LLC and Arlington Properties Inc. of Birmingham, Alabama, operating under the name Greenville Velo Apartments LLC.

Located on a 26.5-acre site in the Verdae master-planned development, Velo Verdae is situated among 450,000 square feet of office space, 235,000 square feet of retail space, and more than 200 businesses.

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