Housing-based developer Hanover Co. sold its 248-unit Hanover Foxborough apartment complex to the investment arm of MetLife in November for $87.55 million. The property attracted more than 20 offers. Photo courtesy of the town of Foxborough.

A pair of large multifamily complexes south of Boston have sold for a total of $171.8 million, according to records in the Norfolk Registry of Deeds.

Atlanta-based multifamily developer Wood Partners sold The Westerly at Forge Park apartments in Franklin, a 280-unit project completed in 2017, for $84.25 million. Rents listed on its website run approximately $2.15 per square foot for one- and two-bedroom units. Amenities include an outdoor pool, a fitness center and a dog wash and run. The complex is a 12-minute drive from the Franklin commuter rail station. The buyer was an affiliate of New York-based REIT Bluerock Real Estate.

Houston-based multifamily developer Hanover Co. sold the Hanover Foxborough to the investment management arm of insurer MetLife for $87.55 million. Rents listed online for units in the five-building, 287,000-square-foot complex built in 2016 run from roughly $2.68 per square foot for a one-bedroom to $2.17 per square foot for a two-bedroom. Amenities include a catering kitchen, pool, fire pit, fitness center and a private screening room.

The Interstate 495 corridor, particularly the MetroWest area, has become attractive for investors and developers looking to maximize their returns as prime development sites in Greater Boston’s core are built out and multifamily rents are out-competed by those offered by office and lab space, as Banker & Tradesman reported earlier this month. CBRE is tracking 9,550 suburban Boston apartment units scheduled for completion in 2019 and 2020, compared with 7,300 in Boston and Cambridge.