Northwoods Apartment Associates LLC is purchasing the portfolioalong with Chestnut Apartment Associates LLC. The deal wasfacilitated by Steve Witten and Victor Nolletti of New Haven-basedMarcus & Millicap. Marcus & Millichap did not returnqueries by deadline.

Chestnut Hill is located at 5 Town Colony Dr. The 314-unitcomplex sits on 29.44 acres and consists of seven three-storybuidings. The property's apartments range in size from 715 sf to1556 sf. Northwoods apartments is at nearby 1 Dove Ln. with336-units which range in size from 719 sf to 990 sf. The fivethree-story buildings sit on 17.37 acres between the Interstate 91and Route 217.

Amenities for the property include billiards room, library,tennis and racquetball courts, Jacuzzi, swimming pool, fitnessfacility and a clubhouse. Marcus & Millichap is based in NewHaven and represented the buyer and the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.