Large development in Norton Commons sold for $96M — buyer seeks investors
October 10, 2022
A recently opened multifamily development in Norton Commons has sold and the new owner is looking for investors to buy in. Lyric at Norton Commons, which was developed by Franklin, Tennessee-based Bristol Development Group and opened earlier this year, sold for $96.2 million to Capital Square out of Glen Allen, Virginia, according to the deed. Bristol Development was the seller in that transaction. When the facility opened it, was described as a $70 million development, so its value increased quickly.
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