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Bridgeport Apartment Complex Sells for $2.475M

BRIDGEPORT, CT-Bridgeport Commons Apartments, an 86-unit market-rate rental apartment complex here, has been sold to a local real estate investment group for $2,475,000, according to Marcus & Millichap Investment Real Estate Services.

By John Jordan | Updated on September 23, 2002

BRIDGEPORT, CT-Marcus & Millichap Investment Real Estate Services reports that it has brokered the $2,475,000 sale of the Bridgeport Commons Apartment complex here.

The New Haven-based brokerage firm represented the seller Lennar Partners Inc., which represented LaSalle National Bank Association. LaSalle National Bank Association had acquired the 86-unit market rate rental complex in foreclosure proceedings. The buyer was Bridgeport Commons, LLC, a local real estate investment group that owns other rental apartment communities in the region, according to Marcus & Millichap officials. The firm also handled the sale for the buyer as well.

Gary Witten, Victor Nolletti and Steve Witten of Marcus & Millichap Investment Real Estate Services worked on the deal, which closed on Friday, Sept. 20. People’s Bank, based in Bridgeport, provided the financing for the transaction.

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