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Paddock Estates in Boston Suburb of Boxborough Changes Ownership
CBRE has arranged the sale of Paddock Estates, a 244-unit Class A garden-style apartment community located on Paddock Lane in the Boston suburb of Boxborough.
Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, Jefferson at Beaver Brook, LLC, an affiliate of JPI from Irving, TX, and also procured the buyer. “Paddock Estates offers the buyer the ability to acquire a best-in-class asset in a top tier school district, with limited supply and prospects for strong long-term returns,” said Butler.
The 2017-constructed community is comprised of 11 two and three-story garden-style apartment buildings with one, two, and three-bedroom apartment homes averaging 980 square feet. It is located at the interchange of Route 111 and I-495 within close proximity to the commuter rail in both Littleton and South Acton, and a short drive to neighboring Littleton and Hudson.
- ◦Sale/Acquisition
