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CBRE Arranges Sale of 111-Unit, Mixed-Use Multifamily in Quincy
CBRE announced today that it has arranged the sale of The Residences at Munroe Place, a 111-unit apartment community with ground floor retail located on Hancock Street in Quincy, MA. Financial information was not disclosed
CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin represented the seller, 1205 Hancock Street, LLC, an entity controlled by Structure Tone Equities, LLC and procured the buyer, a joint venture between John M. Corcoran and Company and an institutional investor.
Completed in 2003, Munroe Place is comprised of a single, eight-story apartment building with 10,101 square feet of street-level retail over a two-level below grade garage. The community offers a leasing center with a resident lounge and fitness center, along with garage parking.
The community is a transit-oriented property situated adjacent to the Quincy Center T station, offering easy access to both downtown Boston and Cambridge. It is walkable to numerous dining options and retail amenities close by.
- ◦Sale/Acquisition
