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Boston & New England  + Metro Boston  + Apartments  | 

Colliers Brokers $23M Sale of Metro Boston Multifamily Portfolio

Colliers International has arranged the $23 million sale of a five-building, 76-unit multifamily portfolio in Somerville and Medford, MA. Christopher Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, and Kevin Jones of Colliers represented the seller in the transaction, a private family that had owned the properties since the 1970’s. The buyer was The Grossman Cos.

The portfolio included Sherborn Court Apartments in Medford and 124 Summer Street in Somerville. The Somerville and Medford multifamily portfolio is situated across the Winter Hill and Spring Hill neighborhoods, two rapidly evolving residential neighborhoods in greater Boston.

“Somerville and Medford are poised for significant growth in the coming years. With the Green Line coming to the neighborhoods, extensive lab development, and proximity to Boston amenities, these communities are fit to attract a robust group of residents,” said Sower. “We were pleased to work with the family and the Grossman Company on the successful sale of this portfolio.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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