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Weston Associates Purchases 140-Unit Apt. Bldg. in Newport News

The Towers Trades at $51,607 Per Unit
January 4, 2018
Boston-based Weston Associates purchased The Towers at 700 Waterfront Cir. in Newport News, VA from One Management for $7.225 million, or $51,607 per unit.

Built in 1976, the 140-unit, 11-story apartment complex occupies a 5.03-acre lot on the banks of the James River in Hampton Roads' Reed Multifamily submarket. Weston Associates plans to renovate the entire building.

Please see CoStar COMPS #4076823 for more information on this transaction.
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