Perimeter Lofts, a Multifamily Community in Charlotte's Northlake Area, Is Already 55 Percent Leased

CHARLOTTE, NC--(Marketwired - Feb 13, 2014) - Wood Partners, one of the nation's most active multifamily developers, recently announced the opening of Perimeter Lofts, a new 246-unit apartment community in the heart of the booming Northlake area of Charlotte. More than 55 percent of the units have already been leased.

"Perimeter Lofts is receiving strong interest because we are offering a contemporary living experience at a substantial discount to comparable uptown locations," said Wood Partners' director Carter Siegel.

Designed by Geheber Lewis Associates and built by Wood Partners, the multifamily complex located on 10.6 acres at 10110 Perimeter Parkway, consists of two four-story buildings and six carriage buildings with a mix of flats, carriage, loft and direct-access "brownstone" units. The resort-like community includes two connected courtyards, multiple pocket parks and lawns, and an oversize pool area. Community amenities include an integrated clubhouse with cyber café, movie and game room, fitness center, salt water pool with outdoor cabanas, grilling areas, dog park, pet spa and car care center.

Less than 12 minutes from uptown Charlotte, the city's largest employment center, and surrounded by more than 3 million square feet of restaurants and retail, Perimeter Lofts is across the street from Northlake Mall, the newest enclosed mall in Charlotte whose anchors include Belk, Macy's, Dillard's, Dick's Sporting Goods and AMC Theatres. More than 900,000 square feet of retail stores including Super Target, REI, Best Buy and PetSmart, as well as a variety of restaurants, are also nearby. The community is visible from I-77, a few blocks from the I-485 outer loop and a short distance from Charlotte Douglas International Airport.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It was ranked the nation's No. 2 multifamily developer in 2012 based on 5,100 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 47,000 homes with a combined value of more than $7.0 billion nationwide. The company currently owns 77 properties with a combined total of 20,200+ units. Wood Partners has offices in 16 major markets nationwide including Atlanta, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn just more about Wood Partners, please visit our website, www.woodpartners.com.