Colliers International completes sale of Schoolhouse at Lower Mills, a 62-unit apartment community

Schoolhouse at Lower Mills - Dorchester, MA

Boston, MA Colliers International completed the sale of Schoolhouse at Lower Mills, a 62-unit apartment community in Dorchester’s Lower Mills neighborhood, for an undisclosed sale price. This property is comprised of two attached garden-style apartment buildings. One building is a converted 1850 schoolhouse, while the second consists of a recently constructed four-story elevatored building.

The apartments involves a mix of 1 and 2-bedroom units with ease of access to the area’s major employers and academic institutions. Units feature condo-quality amenities including granite counter tops, stainless steel appliances, walk-in closets, 9’-12’ ceilings, and in-unit washers & dryers. Tenants enjoy an on-site fitness center and underground garage spaces and surface spaces that are available for rent.

Proximate to both the MBTA Red Line & Commuter Line, Schoolhouse at Lower Mills is positioned in an ideal commuter-base setting, benefiting from the trend of transit-oriented investment opportunities.

Chris Sower, senior vice president of the multi-family investment sales team, stated of the sale “Schoolhouse at Lower Mills is a stable investment opportunity in an up-and-coming neighborhood. The asset is close to Boston for the urban convenience, yet enjoys the suburban feel of Milton & Quincy. We look forward to the market’s response.”

Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.