CBRE Arranges $42.6 Million Sale of 233-Unit Condo Group in Springfield, MA to Stockbridge Ventures

Springfield, MA– CBRE introduced that it has organized the $42.6 million sale of Stockbridge Courtroom, a 233-unit house neighborhood positioned at 35 Willow Avenue in Springfield, Massachusetts. 

CBRE Capital Markets’ multi-housing consultants Simon Butler, Biria St. John and John McLaughlin solely represented the vendor, an affiliate of The Dolben Firm, and procured the customer, an affiliate of Stockbridge Ventures. 

Stockbridge Courtroom was transformed in 1979 to residential and is comprised of 4 separate historic buildings. The neighborhood is inside strolling distance of the brand new MGM On line casino and has a stroll rating of 95. The neighborhood gives quick access to each I-90 and I-91, in addition to the Springfield Amtrak Station. The property is comprised of a mixture of studio, one- and two-bedroom house houses, with a mean measurement of 729 sq. toes.
    
“We’re happy to have represented The Dolben Firm within the sale of Stockbridge Courtroom. The asset has carried out effectively for the Dolben’s since they acquired it in 1994,” acknowledged Butler. “Moreover, Stockbridge Courtroom gives Stockbridge Ventures the power to execute their value-add, whereas additionally rising their Western Massachusetts footprint.” (IANS)

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