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Boston & New England  + Metro Boston  + Apartments  | 

CBRE Brokers Sale of 240-Unit MF Property in Stoughton

CBRE has brokered the sale of Bell Stoughton, a 240-unit multifamily property in Stoughton. The sales price was not disclosed. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an affiliate of Bell Partners, in the transaction. The buyer was Bell Stoughton LLC, an institutional investor new to the Boston market.

Built in 2012, the community consists of four separate, four-story buildings, a clubhouse and a number of free-standing parking garages. Amenities include a heated pool, fitness center, business center and theatre room.

“We are pleased to have represented Bell Partners in the sale of Bell Stoughton, which reflects a successful investment following the acquisition in 2014 from the original developer,” said Butler. “Bell Stoughton provides the buyer with the unique opportunity to generate strong long-term returns given the strategic location coupled with the lack of new supply in the market.”

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