Fairfield Residential has sold a 171-unit Quincy apartment complex to Mill Creek Residential for $50 million.
The sale price is over $292,000 per unit. The complex on Falls Boulevard is located within a mixed-use development including condominiums, Roche Bros., Starbucks and Wal-Mart.
The new owners have renamed the complex Alister Quincy. It was previously known as 5 Hundred Falls.
CBRE/New England’s Simon Butler and Biria St. John represented the seller and procured the buyer.