Bay State multifamily project sold

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CB Richard Ellis/Whittier Partners negotiated the sale of Arbor Court, a 108-unit apartment community in Marlborough, Mass. The value of the transaction was approximately $10.8 million. Pinewood Club Associates Limited Partnership sold the asset to Brady Sullivan Properties. Arbor Court is a class B, garden-style community comprised of three three-story buildings and two four-story buildings. The property includes a unit mix of 21 one-bedrooms and 87 two-bedrooms with an average size of 775 square feet. The community features a fitness center, as well as additional storage and surface parking. CB Richard Ellis/Whittier Partners is a Boston-based joint venture with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....