Boston & New England + Metro Boston + Apartments | December 21, 2020

CBRE Brokers Sale of 205-Unit Woburn MF Property

CBRE has arranged the sale of the leasehold interest of Washington Crossing, a 205-unit apartment community in Woburn, MASS. The sales price was not disclosed.

Built in 2003, the community consists of four, four-story buildings with elevators, a clubhouse and multiple free-standing carports. Floorplans at the community average 1,063 square feet with nine-foot ceilings and features a clubhouse with amenities that include a heated pool, fitness center, business center and theatre room. Additionally, the property is less than a mile from the MBTA commuter rail station, providing direct access to Downtown Boston.

Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an institutional investor advised by J.P. Morgan Asset Management. The buyer was CWMA Baystate LLC.

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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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