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Multifam Drawn from Graphic Arts Finishers Building in Charlestown Sells for $96M
CBRE has arranged the $96.3-million sale of The Graphic Lofts, a 171-unit loft style apartment community located at 32 Cambridge Street in Charlestown, MA.
Simon Butler, Biria St. John and John McLaughlin represented the seller, an affiliate of Boston, MA-based Berkeley Investments and procured the buyer, an affiliate of EverWest Real Estate Investors.
The 2019-constructed LEED Gold Certified property has 171 units in two buildings and 5,723 square feet of retail space fully leased to Foundation Kitchen, a cafe, wine bar and shared commercial kitchen.
Building 32 is a three-story adaptive re-use of a brick and beam building (the former Graphic Arts Finishers Building) and Building 34 is a four-story new construction, modular wood-framed building over a podium garage level.
The community is located in the Sullivan Square neighborhood of Charlestown, which is going through a transformational redevelopment. The Graphic Lofts buildings are directly across the street from the Sullivan Square T station.
- ◦Sale/Acquisition
