Beachwold Residential Acquires 500-Unit Multifamily In New Haven, CT For $160M

The multifamily property located at 360 State Street in New Haven, CT has been sold. The property, consisting of 500 units, was acquired by Beachwold Residential from BentallGreenOak. The transaction was facilitated by the brokers from Cushman & Wakefield, including Chris Sower, Brian Whitmer, Ryan Dowd, Niko Nicolaou, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $160,000,000
• Address: 360 State Street
• Market: New Haven, CT
• Buyer: Beachwold Residential
• Seller: BentallGreenOak
• Brokers: Chris Sower, Brian Whitmer, Ryan Dowd, Niko Nicolaou, Jon Bryant, Bruce Lusa, John Flaherty, Kevin Jones - Cushman & Wakefield
• Units: 500
• Price per Unit (PPU): $320,000
• Square Footage: 473,786
• Price per Square Foot (PPSF): $338

The involvement of various key individuals and companies contributed to the successful completion of this transaction. The brokers from Cushman & Wakefield played a crucial role in connecting Beachwold Residential and BentallGreenOak, ensuring a smooth sale process for the multifamily property at 360 State Street in New Haven, CT.