Williamsburg apartment complex sells for $26.25M
Williamsburg-based Philip Richardson Co. Inc. sold Regency at Longhill apartments.
A 224-unit apartment complex in Williamsburg sold for $26.25 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced Friday.
The Regency at Longhill apartments are located at 5302 Lane Place Drive, which is less than 3 miles from the Warhill Sports Complex, the Williamsburg Premium Outlets mall, Highway 60 and Humelsine Parkway in Williamsburg. The complex includes one-, two- and three-bedroom floor plans.
Williamsburg-based Philip Richardson Co. Inc. sold the property to Regency at Longhill Apartments LLC in a deal that closed on March 3.
Senior Directors Alan Meetze and David Hudgins of Berkadia’s Newport News office completed the sale on behalf of the seller.
Berkadia is a joint venture of Berkshire Hathaway and Jefferies Financial Group that was founded in 2009.