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Boston & New England  + New England  + Apartments  | 
Eden Properties has sold Northgate Apartments in Middletown, RI for $37 million.

Eden Properties Disposes of 179-Unit Community in Middletown for $37M

CBRE has arranged the $37-million sale of Northgate Apartments, a 179-unit garden style apartment community located at 3 Admiralty Drive in Middletown, RI.

Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an affiliate of Eden Properties from Boston, MA, and procured the buyer, an affiliate of SFMG.

Completed in two phases in 1969 and 1972, Northgate Apartments is comprised of 21 different buildings with a mix of two and three-story residential buildings, along with a free-standing leasing center, fitness center, and an outdoor pool. There are a mix of one, two and three -bedroom apartment homes with an average size of 888 square feet

The community is located on Newport Island with access to numerous employment centers including the island itself and Providence, as well as many retail amenities.

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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 she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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