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Worcester Apt. Building Trades Hands For $1.55M

Apr 13, 2009 | Reprints | Unlock Link | Print

Edgemere Gardens, a 24-unit garden style apartment building in Worcester, has been sold by Hogan Children’s Trust for $1.55 million.

The property consists of 17 two-bedroom and seven one-bedroom units. It is located at 2 Pineland Ave., off Route 20 in Worcester on the Worcester-Shrewsbury line.

NAI Hunneman’s Carl Christie, executive vice president, and Dan McGee, financial analyst and sales associate, represented the seller and procured the buyer, Pineland Partners LLC.

"Despite current market conditions, the three-story brick building attracted a significant number of bids from potential buyers. There is still tremendous appetite among investors for rightly-priced and well-located apartment buildings across eastern Massachusetts," said Christie.

Commercial & Industrial