CHARLOTTE, NC - Sherman Residential acquired Elan Research Park, a Class A multifamily property in Charlotte, North Carolina, and renamed it Axis at the Park. Axis at The Park is a 348-unit luxury apartment community built in 2023 located in a dynamic suburban location.
The asset sits outside of the University (UNC Charlotte) submarket and at the footsteps of Research Park, which has 11 million square feet of office space that includes Wells Fargo, Vanguard, TIAA and Atrium health.
Axis at the Park's garden-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Two-story townhomes with attached garages; Luxury finishes, such as quartz countertops and matte black fixtures; Unique amenities for the area, including a pickleball court, two gated dog parks, and a resort-style swimming pool with designated lap lanes; Modern spaces available for work and study with both private offices and group work booths; An urban oasis with multiple outdoor lounges, fireplaces, and green spaces along the tree line; and Conveniences like three Level 2 EV chargers, in-unit washers and dryers, 24-hour fitness center and flex workspaces, and private garages.
“We're excited to return to North Carolina after the successful sale of a Charlotte asset earlier this year. Axis at the Park's modern design and desirable submarket will make it a great addition to the Sherman portfolio.”
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in five states. The family-owned company is headquartered in north suburban Chicago.
Source: Sherman Residential