Boston & New England CRE News In Your Inbox.

Sign up for Connect Daily to stay informed and save time. Connect Daily is our email publication that provides you with the latest and most relevant CRE stories of the day all in 150 words or less.

Sub Markets

Property Sectors

Topics

Boston & New England  + Apartments  | 

Hamilton Adds to Apartment Portfolio with $60M Woburn Deal

The Hamilton Company recently added to its Boston-area multifamily portfolio with the acquisition of Country Club Garden Apartments in Woburn, MA from Ninety Three Realty. The 181-unit rental property, and a fully-approved development site across from the existing complex, sold for $59,550,000.

CBRE Capital Markets’ Simon Butler and Biria St. John  represented Ninety Three Realty, and procured the buyer. The Boston-based Hamilton Company plans to make approximately $500,000 in improvements in the first years of ownership, and will rename the community Mill Street Gardens.

“We are pleased to have executed the sale of Country Club Garden Apartments on behalf of the owner, who had owned the community since they built the asset back in the mid-1960s,” said Butler. Ninety Three had also spent about $3 million on property upgrades in recent years.

“The asset offers the Hamilton Company the ability to generate strong long-term returns,” said St. John.

Connect With CBRE’s Butler

Connect With CBRE’s St. Johns

Connect With Hamilton Company

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
  • ◦Sale/Acquisition
New call-to-action