November 20, 2019 Comments Off on Yellowstone Property Group Acquires Holyoke MF Property for $20M Views: 611 Boston New England News, Metro Boston, Top Boston

Yellowstone Property Group Acquires Holyoke MF Property for $20M

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Yellowstone Property Group has acquired Devonshire Place, a 180-unit, market-rate apartment community located at 50 Holy Family Rd. in Holyoke. The sales price was $19.7 million.

Built in 1988, the property is comprised of two six-story residential buildings with at-grade covered garage parking. The unit mix includes 20 one-bedroom and 160 two-bedroom units, with an average size of 1,001 square feet. Amenities include a clubhouse with sitting areas, fitness center and outdoor swimming pool with patio. The property also features a spacious courtyard with green space and mature landscaping.

Simon Butler and Biria St. John of CBRE’s multi-housing group represented the seller, First Merchants Group, in the transaction.

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