CBRE has brokered the $34.8 million sale of Alvista Willow Brook, a 180-unit apartment community located in Meriden, CONN.

Built in 2005, the community features an amenity package with a resident lounge, fitness center, outdoor pool, covered private garage parking and leasing office. The property is located in the Hartford suburbs and provides access to New Haven businesses and employers. The apartment community presents a value-add opportunity to continue the successful unit renovations current ownership initiated by upgrading the remaining 30% of apartments with original finishes.

Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer of CBRE represented the seller in the transaction, an affiliate of Phoenix Realty Group, an active multifamily owner, operator, equity investor, developer and fund manager with properties throughout the United States. The buyer was Beachwold Residential.