Boston-based GID Investment Advisors has acquired the 398-unit Hanover CambridgePark apartment complex.
The property at 160 Cambridgepark Drive sold for $215 million.
JLL Managing Directors Travis D’Amato and Michael Coyne advised Hanover Co. on the sale.
“Cambridge’s Booming Kendall Square and huge job growth continue to push demand for transit-oriented multifamily assets with luxury amenities,” D’Amato said in a statement.
Completed in the spring of 2015, the LEED Gold building features units with granite slab countertops, high ceilings and engineered hardwood flooring. Common area amenities include a fitness center, yoga studio, grilling areas, an outdoor lounge with TVs and a pet-washing station.
Hanover Co. of Houston, the original developer, acquired the site in 2012 for $25.6 million, according to Middlesex County Registry of Deeds records.