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Alta Development In Stoughton Sells For $27.5M

Dec 10, 2012 | Reprints | Unlock Link | Print

Alta at Indian Woods, a 154-unit, Class A apartment community in Stoughton, has been sold for $27.5 million to Fairfield Indian Woods LLC. alta

Simon Butler, executive vice president/partner, and Biria St. John, executive vice president/partner of CB Richard Ellis – N.E. Partners LP represented the seller, Wood Partners, and procured the buyer.

"We are pleased to have facilitated this transaction on behalf of Wood Partners," said Butler in a statement. This is the first asset built by Wood Partners in the Boston market.

Constructed in 2010, Alta at Indian Woods is a Chapter 40B project situated on 8.57 acres with 25 percent of the units set aside as affordable. Alta at Indian Woods consists of three four-story garden style apartment buildings and five freestanding carports (39 spaces).

Commercial & Industrial