November 1, 2016
TA Realty LLC, a real estate investment and management company in Boston, snagged the 184-unit Hanover at Vinnin Square in Swampscott, MA. The buyer, working on behalf of a state pension fund, paid $67 million to developer Hanover Co. for the asset at 330 Paradise Rd.
Hanover at Vinnin Square is new, having been delivered to the market in Q1 2016. Hanover Co. constructed the two four-story buildings on what was once the site of the former Aviv Center for Living/Jewish Rehabilitation Center. Vinnin Square has one-, two- and three-bedroom units from 714 square feet-1,461 square feet. Monthly rents range from $1,916-$3,420.
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