Tuesday, December 11, 2012

Guardian Life Sells Boston Area Apt. Portfolio for $84.5M




National Commercial Real Estate News From CoStar Group





Guardian Life Sells Boston Area Apt. Portfolio for $84.5M



The Guardian Life Insurance Co. of America sold a 581-unit multifamily portfolio in Framingham, MA, to Chestnut Hill Realty for $84.5 million or $145,439 per unit.

Grandview Terrace is a 300-unit property at 1400 Worcester Road. The six-story, 286,920-square-foot, Class C apartment building was built in 1966 on 4.25 acres. The 281-unit Grandview Village is at 1296 Worcester Road. The six-story, 325,626-square-foot, Class C multifamily was built...






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