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Boston & New England  + Metro Boston  + Apartments  | 

John M. Corcoran Nabs Apartments in Cambridge’s Central Square

Walker & Dunlop Capital Markets arranged the sale and financing of 929 MASS, a mixed-use, two-building property located in Cambridge’s Central Square. The team of Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland executed the $53.6-million sale on behalf of an institutional seller.

Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for John M. Corcoran & Company (JMC), arranging a $37.1-million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI to provide property and asset management services to 929 MASS and complete property upgrades.

“Combined with its prime location in one of Greater Boston’s most dynamic and sought-after submarkets, 929 MASS has strong potential to meet local housing demand and enhance the units to appeal to affluent professionals working in the area,” said D’Amato, managing director at Walker & Dunlop.

929 MASS includes an 18-story tower with 96 rental units and 12,451 square feet of commercial space, along with a contiguous five-story building comprising 31 units.

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Walker & Dunlop's D'Amato

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing