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Bell Partners Snags Two Adjacent Apartment Properties in Westford

Apartment investment and management company Bell Partners has acquired Hanover Westford Valley and Hanover Westford Hills, two adjacent apartment communities in Westford, MA. The seller was not disclosed.

The two properties will be merged to form Bell Westford, which will be the 5th community Bell Partners owns in the greater Boston area. The communities are located along the I-495 corridor, which is home to a range of technology and healthcare employers including IBM, Abbott Laboratories and NetScout. The community consists of a mix of 408 apartments and 12 townhomes. Community amenities include two resort-style pools, outdoor lounge areas with gas firepits, an on-site walking trail, a dog park, a pet spa and a fitness center.

“Residents at Bell Westford have convenient access to Boston’s employment while enjoying the high-quality suburban lifestyle with access to some of the best public schools in Massachusetts,” said Nickolay Bochilo, executive vice president of investments at Bell Partners. “Our investment in two adjacent properties and combining operations post-closing reflects a targeted approach to creating value for the residents and investors through operating synergies, while benefiting from demographic shifts towards suburban living in a high-quality market like Boston.”

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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.

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