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CHESTERFIELD, MO-Village Apartments LLC has sold the 252-unitVillage Green apartments to Mills Village Green LLC for more than$20 million. The companies, both based in St. Louis, each controlmore than 5,000 apartment units in various partnerships.

Ken Aston, a partner at Hendricks & Partners, representedthe buyer and seller. He says the seller had owned the 35-year-oldproperty for many years, and wanted to redeploy capital into otherassets. "The buyer is going to update the property to add value,such as kitchens and baths and some exterior work," Aston tellsGlobeSt.com. "This is clearly one of the top submarkets in all ofSt. Louis, it's a very high-end, upper-income neighborhood. We had10 offers for the property during a 90-day marketing period. It'salso directly across the street from the new 310,000-sf Town &Country lifestyle mall, which is going to include a Target and aWhole Foods."