HENDRICKS & PARTNERS BROKERS $6.6 MILLION MULTIFAMILY SALE

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NEW ALBANY, IND. — Hendricks & Partners has brokered the sale of Sheffield Square, an apartment community located at 600 Country Club Dr. in New Albany. The 152-unit property was acquired for $6.6 million by Evanston, Ill.-based CSE Property Co., which purchased Sheffield Square From Indianapolis-based Buckingham SS LLC as part of a 1031 exchange. The 18-building community houses one-, two- and three-bedroom garden apartments on an 11.98-acre site. Amenities at the property include secured entry garden buildings, 334 parking spaces and 52 carports, and a swimming pool with a sundeck. Rick Vidrio, Todd Stofflet and Rick Brace in the Detroit office of Hendricks & Partners negotiated the sale.

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