(To read more on the multifamily market, click here.)
BLOOMFIELD, CT-The Hawthorne at Gillette Ridge apartment complexhere has been traded for what a CB Richard Ellis official says is arecord $213,415 per unit. A joint venture of Cigna Realty Investorsand the Bozzuto Group of Greenbelt, MD, sold the 246-unit luxurydevelopment on Francis Way for $52.5 million to FairfieldResidential LLC, which acquired the property on behalf of anoverseas pension fund.
CB Richard Ellis first vice president Michael Stone of the CBRichard Ellis/Northeast Multi Housing Team represented the sellerand procured the buyer in the transaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
