Yellowstone Property Group acquires Devonshire Place for $19.37 million - Butler and St. John of CBRE rep. seller

Devonshire Place, 50 Holy Family Road - Holyoke, MA

Holyoke, MA Yellowstone Property Group has acquired Devonshire Place, a 180-unit, market-rate apartment community located at 50 Holy Family Rd. The sale price was $19.7 million.

Built in 1988, the property is comprised of two six-story residential buildings with at-grade covered garage parking. The unit mix includes 20 one-bedroom and 160 two-bedroom units, with an average size of 1,001 s/f.

Amenities include a clubhouse with sitting areas, fitness center and outdoor swimming pool with patio. The property also features a courtyard with green space and landscaping.

Simon Butler and Biria St. John of CBRE’s multi-housing group represented the seller, First Merchants Group.

Tags: Owners Developers & Managers

Reprint

Previous Story Next Story

Project of the Month: Brady Sullivan opens The Lofts at 93 North - Modern luxury apartments in Concord, N.H.

Concord, NH Brady Sullivan Properties is proud to announce the opening of The Lofts at 93 North, an 80-unit apartment community offering upscale, modern living in New Hampshire’s capital

Peyser Real Estate Group celebrates ribbon-cutting for $55 million Dexter Street Commons

Housing is economic developmen...

Quonset Development Corp. and Moran Properties to develop 140 workforce housing units at Quonset Business Park

QDC and Moran Props. to develop 140 workforce housing units at Quonset Business Park

Ivy Place brings new life to an East Providence main street - by Roberto DaSilva

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

DeWolfe and Gatti of Greater Boston Commercial Properties broker $2.15 million sale

Columns and Thought Leadership

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains