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Home News Regions Eastern Virginia Hampton apartment complex sells for $18 million

Hampton apartment complex sells for $18 million

Published October 13, 2015 by Paula C. Squires

New Hampton Commons Apartments in Hampton has a new owner.  The community at 1482 Queens Street sold for $18 million to Klein Hampton LLC. The seller was New Hampton Limited Partnership.

The 252-unit multifamily community offers one-, two- and three-bedroom townhomes. Amenities include a community clubhouse, sun deck and pool. The 15, two-story buildings have access to Interstates 64 and I-664.

According to CBRE|Hampton Roads, which brokered the sale, New Hampton Commons Apartments were 95 percent leased at the time.

Dan Johnson and Hank Hankins of CBRE|Hampton Roads and Craige Pelouze and Charles Wentworth of CBRE|Richmond represented the seller in the transaction.

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