
Shrewsbury, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, completed the sale of Quinn35, a 250-unit, class A apartment community for an undisclosed price.
CBRE represented the seller, an affiliate of Bluerock Real Estate Holdings, LLC, a New York, NY-based real estate investment firm. The team also procured the buyer, a fund advised by Bell Partners, a Greensboro, NC -based real estate investment firm.
Built in 2018, Quinn35 is comprised of four four-story residential buildings and one three-story residential building. Community amenities include a 2nd floor community space with conference room, outdoor heated pool, fitness center, private garages, and a dog park.
The community is located adjacent to Lakeway Commons a Whole Foods-anchored retail center with restaurants/shops including Burtons Grill, Starbucks, and Tavern in the Square. Additionally, the property is strategically located in the Metro West employment market with easy access to I-90 & I-290 as well as UMass Memorial Hospital and Chan Medical School.
Butler said, “We are pleased to have represented Bluerock in the sale of Quinn35. This is truly a one-of-a-kind asset with its access to Lakeway Commons, proximity to UMass Memorial and the Chan Medical School, as well the greater Metro West employment market.”
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and