CBRE/NE Brokers $59.7M Sale of 300-Unit Apartment Complex in Rhode Island

by Amy Works

WEST GREENWICH, R.I. — CBRE/New England has arranged the sale of Grandeville at Greenwich, a garden-style apartment community located in West Greenwich. The Wolff Company acquired the property from Grandeville at Greenwich LP, an affiliate of Lecesse Development, for $59.7 million. The community features 300 apartment units in a mix of one-, two- and three-bedroom layouts with an average size of 1,321 square feet. Community amenities include a great room, media room, business center, gym with a kid’s room, an outdoor pool with sundeck, a tot lot, carports, garages and gas grills. Simon Butler and Biria St. John of CBRE/NE represented the seller and procured the buyer in the transaction.

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