Wood Partners Pockets Big Gain in $51M Sale of Arlington Apartments

Source:  Business Journals

Intercontinental Real Estate Corp., a real estate investment firm in Boston, has purchased Alta at Brigham Square, a 116-unit apartment community in Arlington, Mass., for $50.5 million. The seller, Wood Partners, a national real estate firm with offices in Lexington, bought the site, once a shuttered Brigham’s Ice Cream manufacturing plant, in 2011 for $5.5 million and subsequently received permits to build the four-story apartment building. Built last year, the complex consists of 18 studios,…

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