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May 12, 2010

University Place units sold for $8M

By JOURNAL STAFF

UNIVERSITY PLACE — Ross Management, a renewable energy company, bought the 136-unit Orchard Crest Apartments for $8 million, said Jim Claeys, who helped put the deal together.

“The multi-family [market] has finally begun to heat up..,” said Claeys of Apartment Realty Advisors. He represented the seller, Aspen Square Management of West Springfield, Mass.


 
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