(To read more on the multifamily market, click here.)

BLOOMFIELD, CT-The Hawthorne at Gillette Ridge apartment complex here has been traded for what a CB Richard Ellis official says is a record $213,415 per unit. A joint venture of Cigna Realty Investors and the Bozzuto Group of Greenbelt, MD, sold the 246-unit luxury development on Francis Way for $52.5 million to Fairfield Residential LLC, which acquired the property on behalf of an overseas pension fund.

CB Richard Ellis first vice president Michael Stone of the CB Richard Ellis/Northeast Multi Housing Team represented the seller and procured the buyer in the transaction.

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