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Tewksbury’s Green Villages Sells For $10M

Dec 5, 2014 | Reprints | Unlock Link | Print

VillageGreen A Tewksbury apartment community has sold for $10 million.

OGR Tewksbury LLC, an affiliate of Ocean Gate Realty Adviser LLC, bought Village Green, 56-unit asset at 1535 Main St., from Village Green Residential LLC.

Built in 2009, Village Green consists of one four-story garden-style building over a garage with a mix of 12 one-bedroom apartments and 44 two-bedroom apartments on approximately 1.37 acres. The apartments range in size from 840 square feet to 1,218 square feet. The community is part of a larger master-planned development including the Shoppes at Village Green, a 30,000-square-foot retail center.

CBRE/NE’s Simon Butler and Biria St. John, both executive vice presidents and partners, represented the seller and procured the buyer.

Commercial