
Easton, MA Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler completed the sale of Zen Easton, a 99-unit, 55+ apartment community. According to public record, the sale price was $33 million. CBRE represented the seller, an affiliate of San Francisco-based FPA Multifamily, LLC. CBRE also procured the buyer, an unnamed institutional investor.
Built in 2003, Zen Easton is comprised of a single three- story elevatored building within the larger Queset Commons, a 30-acre mixed-use development which includes two restaurants: Giana Restaurant & Bar and the Stoneforge Grill. The community is located south of Boston and has access to Rte. 24, providing access throughout greater Boston. The property has a combination of classic, renovated studio, one- and two-bedroom units with an average home size of 798 s/f.
The property has a large amenity offering including a resident social lounge, dining hall and catering kitchen, cyber lounge, fitness center, library, two theater rooms, large storage lockers and ample outdoor space.
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