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Boston & New England  + Metro Boston  + Apartments  | 
National Development has sold The Orchards Apartments in Marlborough, MA to Nuveen Real Estate for $59.2 million.

Nuveen Pays $59M to National Development for 156-Unit Community in Marlborough

CBRE has arranged the $59.2-million sale of The Orchards Apartments, a 156-unit direct entry garden style apartment community located at 3 Farmhouse Lane in Marlborough, MA.

Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an affiliate of Newton, MA-based National Development, and procured the buyer, an affiliate of Nuveen Real Estate.

The 2002-completed The Orchards Apartments is comprised of 17 different buildings with a mix of two and three-story residential buildings along with a free-standing clubhouse with a gym and outdoor pool. There are a mix of one- and two -bedroom apartment homes and loft homes with an average size of 1,121 square feet

The community is in the MetroWest employment market, providing access to numerous different employment centers and easy access to I-90, I495 and I-295, as well as many retail amenities.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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