CB Richard Ellis/New England negotiated the sale of GrandeVille at The Commons, a 234-unit apartment community in Wakefield, R.I.
The value of the transaction was not disclosed.
INVESCO Real Estate purchased the property from GrandVille at The Commons LP, a joint venture of LeCesse Development and The Tuckerman Group.
GrandeVille at The Commons is a brand-new, garden-style apartment complex that features 11 three-story buildings and seven two-story townhouses with high-end amenities throughout the development. The community contains a mixture of 78 one-bedroom units and 156 two-bedroom units with an average size of 1,113 square feet.
CB Richard Ellis/New England is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire.
What’s your opinion? Send your Letter to the Editor to email@example.com.