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CBRE/New England Sells Addison At Andover Park

Dec 10, 2015 | Reprints | Unlock Link | Print

CBRE/New England recently announced the sale of a garden-style apartment community in Lawrence.

Addison at Andover Park, the 240-unit complex at 100 Hawthorne Way, was built between 2000 and 2001 and consists of market rate one- and two-bedroom apartments on 16.55 acres. Ninety-two units have been recently renovated and the apartments range in size from 590 to 1,078 square feet. The average unit side is 962 square feet.

CBRE/NE’s multihousing team, Simon Butler, vice chairman and partner, and Biria St. John, vice chairman and partner, represented the seller, Bouwfonds Jefferson LP, an affiliate of Fairfield Residential, and procured the buyer, an affiliate of TGM Assoc. of New York City.

Executive Briefing