CB Richard Ellis/Whittier Partners arranged the sale of the 399-unit Colonial Village at Plainville apartment community in Plainville, Mass., to an affiliate of Fairfield Residential. The property sold for approximately $35.3 million. Colonial Village at Plainville is a 399-unit apartment community built in the 1970s on 23 acres, which is comprised of 10 three-story apartment buildings and contains a mix of studios and one- and two-bedroom units. CB Richard Ellis/Northeast Multi-Housing Team represented the seller, DSF Plainville LLC, in the sale. CB Richard Ellis procured the buyer, an affiliate of Fairfield Residential, in this transaction. The buyer intends to implement a major renovation program for the asset. CB Richard Ellis/Whittier Partners is a Boston-...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.