Mayo Group expands residential portfolio

NAI Hunneman Commercial brokered the sale of a 128-unit apartment complex in West Warwick, R.I.

The value of the transaction was $7.5 million.

Known as Quaker Towers, the seven-building apartment complex is located at 337 Cowesett Road and is comprised of 36 studio apartments, 58 one-bedroom apartments and 34 two-bedroom apartments.

The Mayo Group, a Boston-based, privately owned real estate company, purchased the property from an unidentified seller.

Boston-based NAI Hunneman Commercial is a provider of commercial real estate services to corporations, institutions and the private market.

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