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CBRE NEW ENGLAND BROKERS 204-UNIT APARTMENT SALE

READING, MASS. — CB Richard Ellis/New England (CBRE) has brokered the sale of Archstone Reading, a 204-unit luxury apartment community located at 7 Archstone Circle in Reading. Situated on 11.5 acres, the property comprises 11 apartment buildings and a clubhouse/leasing office. The units are a mix of one-, two- and three-bedroom residences. CBRE’s Paul Donahue, Travis D’Amato, Bill Moylan and Gary Lemire represented the seller, Denver-based Archstone, and procured the buyer, an affiliate of Henderson Global Investors. The acquisition price was not disclosed. Archstone was responsible for building the property in 2006.

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