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CBRE NEGOTIATES $3.7 MILLION MULTIFAMILY SALE IN CONNECTICUT

MIDDLETOWN, CONN. — CB Richard Ellis (CBRE) has negotiated the sale of a Middletown apartment community for $3.7 million. Wilcox Apartments is located at 305-309 S. Main St. The building was constructed as a manufacturing facility in 1907 and converted to apartments in 1989. It contains 81 units in a mix of one-, two- and three-bedroom residences. Michael Stone of CBRE represented the seller, an affiliate of Vesta Corp., and procured the buyer, an affiliate of Hamilton Point Investments.

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