CB Richard Ellis/Whittier Partners today arranged the sale of Whitney on Main Apartments, a 280-unit multifamily community in Watertown, Mass.

The value of the transaction was $56 million.

An affiliate of The Hamilton Co. purchased the property from Pilot Watertown Apartments LLC, a partnership between AEW Capital Management L.P. and a local developer

Whitney on Main Apartments was built between 1969 and 1972. The class-B property consists of six elevatored buildings ranging in size between six and eight stories. Whitney on Main Apartments contains a mix of studios, one-bedroom and two-bedroom units with an average unit size of 842 square feet. The community amenities include a leasing center, fitness center, outdoor swimming pool, central laundry rooms, garage parking and surface parking.

The Hamilton Co. is a full-service real estate management and development company located in Allston, Mass.

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

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top