Raleigh, NC -- (SBWIRE) -- 12/21/2010 -- Coldwell Banker Commercial TradeMark Properties (http://www.cbctmp.com) has announced that Michael Wright, a real estate advisor at the firm, represented both the buyer and seller of Townes at University Pointe, a 420,000-square-foot, 428-unit class C apartment complex located at 336 Blackhawk Road in Charlotte, N.C. Michael Wright represented the seller, Paragon Commercial Bank. The property was a REO foreclosure. An offer was chosen within 60 days of listing the property. The final agreed-upon sales price was $7.4 million.

DETAILS:
- To view a complete listing of available commercial real estate properties in the Triangle, visit http://www.cbctmp.com. Sale and lease listings include detailed information regarding price, square footage and location.

About COLDWELL BANKER COMMERCIAL TRADEMARK PROPERTIES
Coldwell Banker Commercial TradeMark Properties offers a full range of real estate and investment advisory services. From acquisition evaluation and due diligence tasks, through value enhancement and disposition strategies, TradeMark guides its clients through every phase of real estate investment opportunities. Partnering with strategic alliances, TradeMark offers coordination of services such as equity development, financing, credit management, architectural and engineering services, development or project management oversight and relocation services. TradeMark is organized around advisory services, such as sales, leasing, and asset management, including facility management and maintenance services. Its advisors are market experts in their areas of industry specialization, which include commercial, residential, retail, industrial, multi-family and investment property sales. The executive management team of Coldwell Banker Commercial TradeMark Properties has more than 200 years of combined real estate experience. For the past four years, Triangle Business Journal has ranked the firm as the No.1 Commercial Real Estate Company in the Triangle, and the same publication has named the firm among the area’s Best Places to Work. TradeMark is also recognized as one of the Top 25 Women-Owned Businesses in North Carolina. For more information, please call (919) 782-5552 or visit http://www.cbctmp.com.

Brittney Storm
MMI Public Relations
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brittney@mmipublicrelations.com
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