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Plymouth Apartments Sell For $22.25M

SpringHillGardens

An affiliate of Forest Properties Management has purchased a 163-unit apartment complex in Plymouth for $22.25 million.

The Spring Hill Gardens Apartments at 55 Summer St. were sold by the Norwood-based HallKeen real estate firm.

Spring Hill Gardens was originally built between 1966 and 1969, with a substantial renovation in 1998. The complex includes nine three-story apartment buildings and four detached garages.

CBRE/NE’s multifamily team of Simon Butler and Biria St. John exclusively represented the seller and procured the buyer.

“Spring Hill Gardens represents an outstanding opportunity for Forest Properties Management to acquire a truly unique asset in downtown Plymouth and marked a successful investment for our client,” Butler said in a statement.

Commercial & Industrial