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Stonebridge Apartments On the Block

AION Retains HFF to Market Harrisburg Multifamily
January 30, 2018
AION Partners, an investment firm headquartered in New York City, tapped HFF to market its 626-unit Stonebridge Apartment Homes at 4212 Williamsburg Dr. in Harrisburg, PA to prospective buyers. The property is being listed without an asking price.

Stonebridge Apartment Homes consists of 626 units across 35 garden-style buildings. The property was built in 1966 and offers a broad mix of studios, one-, two- and three-bedroom floor plans.

AION Partners acquired the complex from AIG Asset Management US LLC in December 2015 as part of a bulk multifamily portfolio sale that totaled $165.4 million, valuing the asset at $23.73 million ($38,000 /unit), according to CoStar data.

Mark Thomson, Carl Fiebig and Fran Coyne with HFF will lead marketing efforts on behalf of AION Partners.
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