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ROCKFORD, ILL. — Berkadia has negotiated the sale of The Arbors, a 254-unit multifamily property in Rockford. The garden-style community was 98 percent leased at the time of sale. The Arbors was built between 1966 and 1981. Amenities include a fitness room, business center, small community room and package room. Ralph DePasquale of Berkadia represented the seller, Illinois-based Axiom Properties. Illinois-based Becovic Holdings Corp. was the buyer.