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Boston & New England  + Apartments  | 

PhilMor Real Estate Acquires Brighton Apartments for $14M

PhilMor Real Estate Investments has acquired 26 Hichborn, a 23-unit apartment property in Brighton, MASS. The sales price was $14 million.

Built in 2019, the 42,544-square-foot property is adjacent to the mixed-use development Boston Landing, which consists of the new world headquarters of New Balance, the Boston Celtics, Boston Bruins, 100K SF of Bose offices, as well as a world class track and field/indoor concert venue. Amenities at 26 Hichborn include a roof deck with Boston skyline views as well as secure garage parking.

“26 Hichborn represents the core element of our DNA: identifying undermanaged properties in markets with superior demographics and unique locational attributes, and then driving value through hands-on management, focused capital improvements, and active marketing,” said Phillip Bakalchuk and Morgan Hanlon, principals at PhilMor.

The seller was not disclosed.


Inside The Story

PhilMor Real Estate

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition