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

NEW BRITAIN, CT-A group of Connecticut and New York investorshas purchased the Farmington Hills Apartments development at 1230Stanley St. here in a deal valued at $13.35 million.

Marcus & Millichap Investment Real Estate's Steve Witten andVictor Nolletti represented the buyer and the seller in the deal.The buyer, Tic, Tac, Toe LLC, described by New Haven-based Marcus& Millichap as investors from Connecticut and New York, closedon the property on July 31. The seller was Farmington HillsAssociates, LP.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.