Wednesday, August 10, 2022

Residential Community In York County Sells For $100 Million

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YORK-A residential community in Greater Williamsburg has recently been sold.

On June 29, Berkadia announced the sale of The Bend at Arbordale on Bulifants Boulevard near the Sentara Williamsburg Regional Medical Center.

The Bend at Arbordale is a 289-unit garden-style multifamily property. The community features one-, two- and three-bedroom apartments with washers and dryers and private balconies or patios. Additional community amenities include a swimming pool, a fitness center, a business center, a clubhouse and a dog park.

York County records indicate that the community was sold on May 6 for $100,000,000. Bonaventure, an integrated alternative asset management firm based in Alexandria, VA, sold the property to Inland Real Estate Group.

Drew White, senior managing director of Berkadia D.C. Metro as well as Carter Wood, senior director Carter Wood of Berkadia Norfolk, helped complete the sale.

“The demand for the Williamsburg market had people from all over the country interested,” White said in a release. “Bonaventure recognized this top-notch location and delivered a phenomenal amenity package and units that both residents and Inland found very attractive.”

The Bend at Arbordale was first built in 2020.

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