
$115M: Closing Price for Quincy 280-Unit High-Rise Multifamily
CBRE has arranged the sale of Neponset Landing, a 280-unit high-rise apartment community on Hancock Street in Quincy, MA, for $114.5 million
CBRE’s Simon Butler, Biria St. John and John McLaughlin exclusively represented the seller, Neponset Landing LLC, an affiliate of The Green Cities Company from Portland, OR and procured the buyer, a joint venture between Synergy Investments from Boston, MA, and a foreign investor.
The 2007-constructed property is comprised of a single 12-story apartment building, with one and two-bedroom homes featuring water or city views. Neponset Landing is located within walking distance of the North Quincy Center T station for access to both downtown Boston and Cambridge. The asset is also close to I-93, connecting drivers to downtown Boston and Route 128 to the south.
- ◦Sale/Acquisition