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The Alexandria Apartments in Madison, AL

CushWake Arranges $67M Sale of Madison, AL, Multifamily

Cushman & Wakefield has arranged the $67.2 million sale of The Alexandria, a 258-unit apartment community located in Madison, AL, near Huntsville. The sale price works out to $260,465 per unit.

Andrew Brown, Craig Hey and Jimmy Adams of Cushman & Wakefield represented the seller, Bobo Development Group.

“The Alexandria is a beautiful property that garnered superb interest from renters and the investment community alike,” Brown said. “New ownership is excited to buy in the Huntsville market, which continues to be a leader within the multifamily investment space.”

Constructed in 2021, The Alexandria is located in a rapidly expanding submarket off Highway 72, with access to major employment drivers and retail.

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Cushman & Wakefield’s Brown

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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