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Guardian Life Snares New Apartments in Cambridge
Hanover Cambridge Park, a 254-unit new construction apartment community at 80 Cambridge Park Dr. in Cambridge, MA, has sold to Guardian Life. The purchase price wasn’t disclosed, but Yardi Matrix reported it as $150 million.
CBRE Capital Markets’ Simon Butler and Biria St. John represented the seller, The Hanover Company, and procured the buyer. “The community was exceptionally well executed by the seller and is located in the dynamic Cambridge market,” said St. John. “Guardian Life has acquired a very desirable property.”
Completed in October 2018 and certified LEED Gold, Hanover Cambridge Park consists of two five-story residential buildings with three elevated courtyards above podium garage parking. It’s located adjacent to the MBTA’s Red Line Alewife Station.
Amenities include an outdoor swimming pool with grilling area, 24/7 fitness room with Technogym and TRX equipment, bike storage, children’s playground, dog wash area, and clubhouse with kitchen and cinema.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
