(To read more on the multifamily market, click here.)

(Natalie Keith is a contributing writer to GlobeSt.com.)

LINCOLN PARK, MI-A 40-unit apartment complex was sold for $1.19 million. The complex, located at 1429 and 1779 St. Johns Blvd. was sold to Southfield-based A Grade Properties.

The seller of the building was Wilbert Wilhelm, of Southgate-based E & W Investors. Mark Rohr, Eric Taylor and Jared Mann, of the Detroit office of Phoenix-based Hendricks & Partners represented both the buyer and seller in the transaction.

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