DURHAM, NC-Passco Companies LLC has acquired the 280-unit, former Century Creek apartment community here for $28 million.
The Irvine, CA-based company acquired the development located on N.C. 55 and East Cornwallis Road in South Durham from a joint venture of Centennial Holding Co. of Atlanta and Washington, DC-based the Carlyle Group.
Renamed “Encore at the Park,” the garden style property features units that range from 889 square feet to 1,491 square feet. A resort-style swimming pool, sundeck, executive business center, fitness center and a dog park are among the amenities at the development that was built in 2001. See story in the Triangle Business Journal.
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