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Boston & New England  + New England  + Apartments  | 

Seabrook Acquires Apartments in Coastal New Hampshire

The Stubblebine Company/CORFAC International brokered the sale of Appleton Oaks, a 113-unit apartment complex located at 241 Drakeside Rd. in the coastal town of Hampton, NH, for $31,500,000. David Berman, James Stubblebine and David Stubblebine and Zack Hardy of The Stubblebine Company represented the undisclosed seller and directly procured the buyer, Boston-based Seabrook Real Estate Partners.

Appleton Oaks was constructed in two phases in 2004 and 2005 and encompasses two buildings. It is located near I-95 and offers quick access to Hampton Beach.

Berman said, “It was a pleasure representing the seller in this transaction. Our team ran a highly competitive marketing process, which garnered serious interest from multiple highly qualified buyers. Both the seller and buyer demonstrated a high level of professionalism from start to finish; we congratulate both parties on a successful transaction.”

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Inside The Story

The Stubblebine Company

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