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Wednesday, January 07, 2009 Multi-Family
Terence Scott, Richard Robinson and Travis D'Amato of Apartment Realty Advisors represented both the buyer and the seller in the transaction. The 266-unit property consists of 13 studio, 214 one-bedroom and 39 two-bedroom apartments housed in four, five and six-story buildings. Morgan Square was built in 1875 as a manufacturing facility but was renovated and converted into apartment homes in 1985. Also included in the property are 13 commercial spaces, all housed in three multi-story buildings. Springfield, Mass., is roughly 90 miles west of Boston. Apartment Realty Advisors is a privately held, full-service investment advisory brokerage firm that focuses exclusively on the multi-housing industry. The three-man brokerage team recently completed the $124.6 million sale of the Highlands at Dearborn in Peabody, Mass. The team represented the seller, Fairfield Residential, and procured the buyer, Denver-based Simpson Housing, in the transaction. Address: 15 Taylor St., Springfield, Mass. Size: 266 units Built: 1875 Filed Under: Multi-Family E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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