CBRE has arranged the $69.2 million sale of Timberwood Commons, a 252-unit, market rate multifamily community in Lebanon, N.H.
The community is spread across 42-acres and consists of five, three-story garden style buildings and a five-story elevatored midrise building. Timberwood Commons offers ten different unit styles including studios, one and two-bedroom apartment homes with an average size of 847 square feet. The community features a freestanding clubhouse with a business center, community room and fitness center. The property is located at located at 6 Timberwood Drive.
Simon Butler, Biria St. John and John McLaughlin of CBRE exclusively represented the seller, Philadelphia-based Merion Realty Partners, in the transaction. The buyer was an affiliate of Audubon Capital Partners of Boston.
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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