Site sold for multifamily complex in Massachusetts

Buyer plans to build 200 units

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CB Richard Ellis/Whittier Partners negotiated the sale of The Residences at Presidents Place, a 200-unit apartment development site in Quincy, Mass. Intercontinental Real Estate Fund IV LLC purchased the site for approximately $5.2 million. The Residences at Presidents Place is located within the Presidents Place mixed-use development. President's Place is comprised of 349,085 square feet of class A office space, 40,000 square feet of retail space and a 1,100-space garage. Lincoln Property Co. was the seller. CB Richard Ellis/Whittier Partners is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....