CBRE has arranged the sale of The Barrington, a 282-unit multifamily property in Woodbury. Nuveen Global Investments LLC purchased the property from Tilden Fundamental Barrington Apartments, LLC for an undisclosed amount.

CBRE’s Keith Collins, Abe Appert, Ted Abramson, and Danny Baker represented the seller in the transaction. “The Barrington received strong buyer interest due to its Woodbury location, strong submarket absorption, lack of future supply and remaining value-add upside,” said Collins.

The Barrington is located at 7255 Guider Drive, near Interstate 494, Woodbury Village Shopping Center and Tamarack Nature Preserve, a 150-acre city park. Built in 1998-2001, the property features one—and two-bedroom floor plans averaging 932 square feet.

Community and unit amenities include two heated community pools, two community rooms, a fitness center in each building, a cybercafé, a dog park, in-unit washers and dryers, walk-in closets and stainless steel appliances.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!