NKF Negotiates $65.3M Sale of Waterfront Community in Eastern North Carolina

WILMINGTON, N.C. — Newmark Knight Frank (NKF) has negotiated the $65.3 million sale of Sawmill Point, a four-story, 280-unit waterfront community in Wilmington. Completed in 2017, the property offers one- and two-bedroom floor plans. Communal amenities include a saltwater swimming pool, bocce ball court, fire pits and a hammock garden. The complex fronts 815 feet along Cape Fear River, which feeds into the Atlantic Ocean. Alex Okulski, John Heimburger, Dean Smith, Sean Wood, Jason Kon and John Munroe of NKF represented the seller, a joint venture between The Davis Cos., Gemini Partners LLC, Capital Properties, The Wills Cos., Fideli Investments and Symphony Properties LLC. Chaucer Creek Capital acquired the property.