August 27, 2018
Deal Watch Today

W. Hfd.'s ex-Westwood Apts. fetch $20.85M

PHOTO | Contributed
PHOTO | Contributed
Cove West Hartford Apartments at 106 Kane St.

West Hartford's 200-unit former Westwood Apartments were sold to a new owner who paid $20.85 million, or about $104,000 per unit, for the property in the shadow of I-84, brokers say.

New Jersey landlord CS Acquisition Group LLC bought the six-building property, now called Cove West Hartford Apartments, at 106 Kane St., from Westwood Apartments LLC, according to exclusive broker Institutional Property Advisors (IPA), a division of Marcus & Millichap.

IPA said Westwood is West Hartford's biggest market-rate apartment community, based on number of units.

Originally built in 1971 with 368 apartment units, the development in the mid-1980s was split into two parcels, with four the buildings' units converted into condominiums.

In July, CS Acquisitions announced its purchase of Simsbury's 168-unit Pointe at Dorset Crossing apartments for $36.5 million, or $217,000 per unit; and acquired Meriden's 106-unit Infinity Apartments for $6.9 million.

Based in Lakewood, N.J., CS's portfolio includes a handful of other multifamily properties in Hartford, Meriden, New Britain and West Hartford.

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