Miami, FL – March 13, 2012 – (RealEstateRama) — The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has completed the sale of Bayside Village, a student housing complex located at 132 Marginal Way in Portland, Maine to Blue Vista Capital Management for $18.2mm. The five-story building, completed in 2009, consists of 402 beds and includes 3,300 square feet of retail space, and a 117 parking space garage. The property is located in an infill location less than a mile from the University of Southern Maine; across the street from Whole Foods, Trader Joe’s, and Planet Fitness; and provides easy access to downtown Portland, the Historic Old Port, and I-295.
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