Berkadia has brokered the sale of The Grove at Governors, a 32-unit boutique multifamily property located in Huntsville, AL. The sales price was not disclosed.
Built in the 1970’s, the property is within the Southeast Huntsville submarket. The property features a swimming pool and a mix of one-, two- and three-bedroom units with room for additional amenities. The property is located at 3009 Vanderbilt Drive.
David Wilson and Steve Nunnelley of Berkadia’s Birmingham office represented the Birmingham-based seller in the transaction. The buyer was a private development/investment group based in San Diego. In addition, Barry Bryan with Bank Independent provided the new mortgage for the acquisition.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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