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Monday, 18 November 2019

Suburban Boston Apartments Sell for $29.3Mln

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Commercial Real Estate Direct Staff Report

Arrowpoint Properties has paid $29.3 million, or $209,286/unit, for the 140-unit Appleton Square apartment property in the Boston suburb of Methuen, Mass.

The Lawrence, Mass., real estate investor bought the property from a family office, which had owned it since 1997.

CBRE brokered the latest deal and arranged...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Boston
  • States: Massachusetts
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Dan Moynihan

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