
Equity Residential Bags $185M Boston South End MF
Equity Residential acquired Troy Boston, a 378-unit, Class A apartment high-rise community located in Boston, from a fund advised by Portland, OR-based Gerding Edlen. The $185-million complex at 55 Traveler St. opened in March 2015 and consists of one 19-story high-rise apartment tower, a second 11-story mid-rise apartment tower with numerous amenity spaces, and a four-story parking garage.
CBRE/New England’s Simon Butler and Biria St. John exclusively represented the seller. The sales price was not disclosed.
CBRE’s Butler notes Gerding Edlen “saw the vision for what this part of the South End could be. It was a transformative development that completely changed the neighborhood into a vibrant mixed-use neighborhood. Troy Boston is located in Boston’s dynamic South End neighborhood, and represents a best-in-class asset with a cutting-edge design, breathtaking views of the city and exceptional access to downtown Boston, Back Bay and South Boston.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition