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MADISON, ALA. — Jason Nettles and Megan Thompson of Holliday Fenoglio Fowler’s Atlanta office negotiated the sale of Arbors of Madison, a 204-unit multifamily community, on behalf of Alexander Properties Group. An undisclosed buyer from the metropolitan N.Y. area purchased the 17.2-acre site at 7900 Old Madison Pike for $10 million. The property has two-bedroom, three-bedroom and four-bedroom units. Amenities include a swimming pool, clubhouse, sports court and playground.