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TA Realty Buys Year-Old Marshfield Development for $130.5M

Jan 12, 2022 | Reprints | Unlock Link | Print

Image courtesy of Newmark

Boston-based TA Realty has acquired Modera Marshfield, a 248-unit apartment complex that was completed in 2021 and recently topped the 90 percent lease mark.

The sellers in the $130.5 million transaction, which closed Jan. 3, were Mill Creek Residential Trust and CrossHarbor Capital Partners.

Set on 21 acres, the complex includes a mix of apartments and townhouses with amenities including a pool, outdoor dining areas and work-from-home spaces.

Newmark’s capital markets team represented the sellers and procured the buyers.