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,…

Read source

Please or Register to post comments.

Newsletter Sign Up
AdviceIQ

National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×