Cushman & Wakefield Arranges $33M Durham Sale

Watson Bryant, Paul Marley and Hunter Bowling facilitated the disposition of the 400-unit community on the city's northern side.

Cushman & Wakefield has brokered the $32.5 million disposition of Marquis Gardens, a 400-unit multifamily asset in Durham, N.C. Vice Chair Watson Bryant, Senior Director Paul Marley and Senior Associate Hunter Bowling negotiated on behalf of the seller, JEM Holdings. Concordia Properties acquired the community, assuming a $22.2 million Fannie Mae loan dating back to 2017, according to Yardi Matrix.