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Boston & New England  + Apartments  |  October 7, 2019
David Cohen
By: David Cohen

Worcester Apartment Tower Trades for $29M

Capstone Apartment Partners arranged the $28.8-million sale of SkyMark Tower, a 206-unit apartment building in Worcester. The property is located approximately 40 miles west of Boston.

Built in 1991, the 24-story tower consists of one- and two-bedroom apartments, and was 98% leased at the time of sale. Amenities include monitored garage parking, patrolled grounds and 24-hour security surveillance, as well as a business center and modern fitness center.

Stasiu Geleszinski, Austin Green and A.J. Klenk of Capstone represented the seller, VTT Management, in the transaction. The buyer was California-based investor Benedict Canyon Equities.

For comments, questions or concerns, please contact David Cohen

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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.
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