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Friday, May 18, 2012 Multi-Family
Biria St. John of Cushman & Wakefield's Capital Markets Group brokered the deal. Beechstone is a 428-unit community that was constructed in three phases between 1971 and 1986 on 73 acres. The three phases are branded as Colonial Pines Estates, Stonecroft and Beechstone. The property is 98 percent occupied Portsmouth is roughly 60 miles east of Concord. TGM, which owns a portfolio of more than 15,000 units, plans a capital improvement program on the property. TGM is a full-service real estate investment advisory firm. Forum Development Group is a real estate development company specializing in specialty, mixed-use and retail centers. St. John is an executive director with Cushman & Wakefield's Capital Markets Group. Prior to his current post, he was part of the Investment Properties Group at CB Richard Ellis New England. He is a member of the Greater Boston Real Estate Board and holds a degree from the University of Vermont. The Cushman & Wakefield Capital Markets Team brokered the $186 million sale of the 4 and 5 Cambridge Center office buildings in Cambridge. Address: 1 Beechstone, Portsmouth, N.H. Size: 428 units Built: Between 1971 and 1986 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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