Cabot Cabot & Forbes & Equity Residential Plan 440-unit Multifamily Development in Wakefield, MA

JLL Capital Markets recently announced its successful arrangement of capitalization for 200 Quannapowitt, a forthcoming transit-oriented multifamily community in Wakefield, Massachusetts, situated on Lake Quannapowitt.

Collaboration with Developer Cabot, Cabot & Forbes

JLL collaborated with Cabot, Cabot & Forbes, the developer of the project, to secure joint venture equity with Equity Residential (NYSE: EQR). The endeavor was spearheaded by the JLL Capital Markets Advisory team, led by Senior Managing Director Brett Paulsrud, Managing Director Andrew Gray, and Director Mike Shepard.

Property Highlights

Upon its completion, 200 Quannapowitt will boast 440 units with a mix of one-, two-, and three-bedroom floorplans, with 18% of the units set aside as affordable housing. The property will offer an array of amenities, including co-working spaces, an outdoor pool, a fitness center, lakeside grilling areas, a Skydeck clubhouse, commuter rail shuttle service, and multiple courtyards. Residents will enjoy the natural surroundings of the lake, with access to walking and biking trails, as well as opportunities for sailing and windsurfing.

Market Insights and Community Engagement

Brett Paulsrud commented on the strength of Greater Boston's multi-housing market and the ongoing interest of institutional investors in quality opportunities. He praised Cabot, Cabot & Forbes for their diligent efforts in collaborating with the community to develop a project that addresses various stakeholders' feedback and fulfills the need for rental housing in Boston's suburbs.

JLL Capital Markets is a global provider of comprehensive capital solutions for real estate investors and occupiers. Leveraging extensive local market knowledge and global investor networks, JLL offers a range of services including investment sales and advisory, debt advisory, equity advisory, and recapitalization. With over 3,000 capital markets specialists across nearly 50 countries, JLL provides best-in-class solutions to clients worldwide.