CT apartment complex fetches $42m.Steve Witten and Victor Nolletti of Marcus & Millichap Real Estate Investment Services have arranged the sale of Waterford Commons, a 303-unit multi-family community in Manchester. The sales price of $42.77 million represented $141,172 per trait Witten and Nolletti, both vice presidents investments and senior directors of Marcus & Millichap's National Multi Housing Group in New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , represented the seller and the buyer in this transaction. "Waterford Commons presents the new owner with nominal risk, long-term financial stability and superior location with exceptional demographics," said Witten. "Built between 1998 and 1999, this property is one of the finest Class A apartment communities in the state." Located at 669 Tolland Turnpike turnpike, road paid for partly or wholly by fees collected from travelers at tollgates. It derives its name from the hinged bar that prevented passage through such a gate until the toll was paid. See also road. , the 316,439 s/f apartment community consists of 13 three-story buildings situated on 34.3 acres. Waterford Commons features a mix of 47 one-bedroom units, 182 two-bedroom units, 63 three-bedroom units and 11 two-bedroom townhouse town·house or town house n. 1. A residence in a city. 2. A row house, especially a fashionable one. units. Community amenities include an indoor heated swimming pool with deck, Jacuzzi, sauna and steam rooms, business center, fitness center, lighted tennis and volleyball courts, walking Wails, valet dry cleaning dry cleaning, process of cleaning fabrics without water. Special solvents and soaps are used so as not to harm fabrics and dyes that will not withstand the effects of ordinary soap and water. Dry cleaning began in France about the middle of the 19th cent. service and a children's playground. Witten and Nolletti recently arranged the sale of a 240-unit apartment complex in East Haven East Haven, town (1990 pop. 26,144), New Haven co., S Conn., on Long Island Sound, a residential suburb of New Haven, in a farm area; inc. 1785. Light industry, distribution and warehousing, electronics, and insurance and investment firms are important. , Conn., for $21.15 million; a 179-unit apartment building in Middletown, R.I., for $19.65 million; and a 109-unit complex in East Hartford East Hartford, urban town (1990 pop. 50,452), Hartford co., central Conn., on the Connecticut River opposite Hartford; settled c.1640, inc. 1783. East Hartford is a trucking and warehousing center, with bulk oil storage and distribution. , Conn., for $9 million. |
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