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CHARLOTTE, N.C. — The multifamily division of Crescent Resources has closed on a $68 million transaction on a 360-unit apartment community and 8,000 square feet of retail space in Charlotte’s historic South End submarket. Located on South Boulevard, adjacent to Bland Street Station, the community will feature one-, two- and three-bedroom apartments ranging in size from 550 to 1,650 square feet. The retail space will accommodate restaurants, coffee shops and other service-oriented businesses. Leasing is set to begin in spring 2009, with a completion date set for fall 2009.