Regions Central Virginia

Crystal Lakes sells for $37.5 million

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Crystal Lakes, a 716-unit townhome and apartment community in Chesterfield County, has been sold for $37.5 million.

Cushman & Wakefield announced on Wednesday that  its Mid-Atlantic Multifamily Advisory Group has closed the sale.

Jorge Rosa, Anthony Liberto, Marc Robinson, and John Campanella from Cushman & Wakefield represented the seller, Latitude Real Estate.

The property was purchased by Emet Capital Management.

Built between 1967 and 1973, Crystal Lakes is one of the largest apartment communities in the Richmond area. The property is near Chippenham Parkway and about 15 minutes from downtown Richmond.

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