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Jones Street Partners Purchases The Tannery Community in Glastonbury, CT
CBRE has completed the sale of The Tannery, a 250-unit Class A apartment community in Glastonbury, CT. Terms were not disclosed.
The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John and John Mclaughlin represented the seller, a partnership between Lexington Partners, LLC, and a fund advised by UBS Realty Investors, LLC, while also procuring the buyer, Jones Street Investment Partners.
Built in 2017, The Tannery includes an on-site restaurant, fitness center, saltwater pool, sundeck with grilling area and fire pit, lounge and gaming area, and a dog park and pet spa.
“This was a unique opportunity to buy an A+ apartment community in one of the more affluent towns in the Hartford area,” said CBRE’s Jeff Dunne commented, The high-end quality of the asset coupled with Glastonbury’s top school system should continue to promote sustainable demand and rent growth.”
The Glastonbury school system ranks as the 5th best in CT according to Niche.
- ◦Sale/Acquisition
