The 172-unit complex was originally built in 1969 and underwentrenovations and improvements in 1994. Steve Witten and VictorNolletti of Marcus & Millichap Investment Real Estate Serviceswere the sole brokers in the transaction.
Witten termed the deal a "fairly significant transition in asupply constrained market." The Beaver Brook Apartments complexsits on more than 16 acres and consists of 16, two and three-storybrick and frame buildings. Witten notes that the property is amongthe largest rental townhouse communities in the region.
The buildings total 164,600 sf and consist of 16 one bedroomunits (620 sf), 124, two-bedroom units of 918 sf. and 32three-bedroom townhouse apartments of 1,070 sf.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
