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Broadtree buys Ga. community for $58M; NY building on sale for $52M

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Broadtree buys Ga. community for $58M; NY building on sale for $52M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* Private real estate investment trust Broadtree Residential Inc. acquired the 49-building, 440-unit Stone Ridge at Vinings multifamily apartment community encompassing 452,300 rentable square feet in Vinings, Ga., for $58.3 million.

* Cushman & Wakefield is marketing a three-story, 56,550-square-foot building at 151 Kent Ave. in Williamsburg, N.Y., for a purchase price of $52 million, Crain's New York Business reported. The building has 46 fully leased loft units, among other amenities.

* TruAmerica Multifamily LLC purchased the 368-unit Astor Park rental housing complex near Orlando, Fla., for $50 million, and intends to spend $4 million on capital improvement at the property, The Real Deal reported.

* An affiliate of WestDulles Station LLC acquired the 10-building, 475,738-square-foot Byrd Corporate Park in Richmond, Va., from AF Byrd Center VA LLC for $31.2 million in an all-cash deal, Virginia Business reported.

* Gladstone Commercial Corp. acquired a 127,444-square-foot, class A industrial building in Vance, Ala., for $14.3 million from a Graham & Co. affiliate. The building is build-to-suit for Truck and Wheel USA Corp. on a 10-year lease.

* Strategic Storage Growth Trust Inc. bought a roughly 900-unit, 86,000-square-foot self-storage facility at 2380 Fenton St. in Chula Vista, Calif., for an undisclosed sum. The 100% climate-controlled property sits on roughly 1.5 acres and features a three-story building.

Additional coverage

Jamestown acquires Washington, DC, apartment property for $120M

Toll Brothers affiliate buys Washington, DC, development site for $60M

Equity Residential pays $54M for Seattle apartment building

Hersha Hospitality sells 81-room NYC hotel for $32M