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Bluestone Acquires Knobs Pointe Apts. and Retail

Sovereign Bank Sells Foreclosed New Albany Property
By Chris Furlong
March 2, 2011 | 8:55 P.M.

Ohio-based Bluestone Property Management purchased Knobs Point, a 384-unit apartment complex and shopping center in New Albany, IN, from an affiliate of Sovereign Bank for $8.75 million. This is the third multifamily property purchased by Bluestone in the Southern Indiana/Louisville market.

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