Connaught Inc. sold the Madison at the Lakes apartments at 3218 W. Cedar St. in Allentown, PA to Equus Capital Partners, Ltd. for $29.05 million, or about $124,000 per unit.
The 457,312-square-foot multifamily complex consists of 235 units across 26 buildings. The unit mix consists of 60 one-bedroom, 102 two-bedroom and 73 three-bedroom units. The pet-friendly property offers central air, dishwashers, eat-in kitchens, fireplaces, hardwood floors and washer-dryers.
www.omegare.com
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