November 20, 2019
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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