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An upscale, highly-amenitized apartment community in Glastonbury has changed hands for almost $72 million.
The Tannery, a 250-unit development located off of New London Turnpike, was sold to Jones Street Investment Partners, a Boston-based real estate private equity sponsor. Commercial real estate services and investment firm CBRE, which represented the sellers, Lexington Partners LLC and a fund advised by UBS Realty Investors LLC, announced the transaction Monday.
According to information provided by the Glastonbury Town Clerk’s office, the sale price was $71,650,000.
The Tannery community includes a fitness center with a yoga studio, heated saltwater pool, sundeck with a grilling area and fire pit, resident lounge, gaming area, dog park and pet spa, among other amenities. Its units feature open floor plans and luxury finishes, such as stainless steel appliances, gas ranges, granite countertops and wood-style vinyl plank flooring.
The complex was completed in 2017.
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