August 11, 2020
CBRE has brokered the sale of Bell Stoughton, a 240-unit multifamily property in Stoughton. The sales price was not disclosed. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an affiliate of Bell Partners, in the transaction. The buyer was Bell Stoughton LLC, an institutional investor new to the Boston market.
Built in 2012, the community consists of four separate, four-story buildings, a clubhouse and a number of free-standing parking garages. Amenities include a heated pool, fitness center, business center and theatre room.
“We are pleased to have represented Bell Partners in the sale of Bell Stoughton, which reflects a successful investment following the acquisition in 2014 from the original developer,” said Butler. “Bell Stoughton provides the buyer with the unique opportunity to generate strong long-term returns given the strategic location coupled with the lack of new supply in the market.”
For comments, questions or concerns, please contact David Cohen