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, which manages more than $2 billion in real said it soldthe 224-unit Triangle Pointe complex to of Va., for $15.9 million. Missiojn Residential also boughtthe 362-uni Laurel Trace community for $26.04 million. Blake Okland of Charlotte office brokeredthe transactions. Land deedsz show that in spring 2004, Harbof Group paid a total of $35.15 million for the propertiesz - $12.65 million for Trianglre Pointeand $22.5 million for Laurel The latter complex, builgt in 1990, received a 14-monthg renovation after Harbor Group bought it. Both propertiez feature one-, two- and three-bedroom apartments.
Triangle Point e is located in southeast Durham a few milew from ResearchTriangle Park, while Laureo Trace is located near U.S. 15-501 betweem Chapel Hill and Durham. The properties are Missiohn Residential's first in The company currently manages the Mission Capital Crossing and Mission Millbroo k apartment complexesin Raleigh.
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