newport village

July 11, 2016 Comments Off on Seagate Sells 220-Unit Newport Village Views: 375 California News, Colorado, National News, West

Seagate Sells 220-Unit Newport Village

Seagate Properties, based in California, ended its three-year hold on the 220-unit Newport Village complex in Thornton, CO by selling it for $34.5 million to Redwood Capital Group of Chicago. The 220-unit, three-story multifamily complex is at 8901 Colorado Blvd. The seller acquired Newport Village in 2013 for $21 million.

Newport Village was built in the late 1980s, and offers one- and two-bedroom apartments and townhouses. The average rental rate was $1.56 per square foot. The listing brokers were Pamela Koster and David Martin, both with Moran and Co.

Read More at Colorado Real Estate News

Connect with Moran and Co.’s Koster

Connect with Moran & Co.’s Martin

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