December 18, 2020
Apartment investment and management company Bell Partners has acquired Hanover Westford Valley and Hanover Westford Hills, two adjacent apartment communities in Westford, MA. The seller was not disclosed.
The two properties will be merged to form Bell Westford, which will be the 5th community Bell Partners owns in the greater Boston area. The communities are located along the I-495 corridor, which is home to a range of technology and healthcare employers including IBM, Abbott Laboratories and NetScout. The community consists of a mix of 408 apartments and 12 townhomes. Community amenities include two resort-style pools, outdoor lounge areas with gas firepits, an on-site walking trail, a dog park, a pet spa and a fitness center.
“Residents at Bell Westford have convenient access to Boston’s employment while enjoying the high-quality suburban lifestyle with access to some of the best public schools in Massachusetts,” said Nickolay Bochilo, executive vice president of investments at Bell Partners. “Our investment in two adjacent properties and combining operations post-closing reflects a targeted approach to creating value for the residents and investors through operating synergies, while benefiting from demographic shifts towards suburban living in a high-quality market like Boston.”
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