REBusinessOnline

ARCHSTONE WOODSONG SELLS FOR $44 MILLION

RANCHO CUCAMONGA, CALIF. — Phoenix-based NNC Woodsong LLC has acquired Archstone Woodsong, a 262-unit apartment community in Rancho Cucamonga, for $44 million. Located at 8255 Vineyard Ave., the community consists of 46 percent one-bedroom units, 14 percent two-bedroom units and 40 percent three-bedroom units. Additionally, the property features two swimming pools, a spa, two lighted tennis courts, a children’s playground, barbeque grills, picnic areas and assigned covered parking. Paul Runkle and David Casper of Hendricks & Partners represented the seller, Englewood, Colo.-based Tishman Speyer Archstone-Smith Woodsong LP, in the transaction.

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