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Five Mansfield Apartment Bldgs Sold for $20.3M

JV Buys 231-Unit Multifamily Portfolio
By Cindi Nowak
December 12, 2016 | 3:22 P.M.

Axela Development Group LLC, a joint-venture between Axela Group and State-Market Hartford, has acquired a portfolio of five multifamily properties located in Storrs Mansfield, CT from Mt. Holyoke Management LLC for $20.25 million, or about $118 per square foot.

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