CB Richard Ellis/Whittier Partners arranged the sale of Rockaway Lane Apartments, a 40-unit townhouse apartment community located in Arlington, Mass.

The property sold for $8.9 million.

Rockaway Lane Apartments was built between 1953 and 1963. The property consists of 20 duplex-style townhouse buildings that contain a mix of two-bedroom and three-bedroom units with an average size of 920 square feet.

Brookfield Realty Trust sold the property to Arlington Franklin LLC.

The new owner intends to make significant improvements to both the interiors and exteriors prior to marketing the units for sale as condominiums. The improvements will include all new kitchens, baths, as well as new exterior siding and roofs.

The CB Richard Ellis/Northeast Multi-Housing Team exclusively represented Brookfield Realty Trust in the sale. CB Richard Ellis also procured the buyer.

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.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×