BLVD Capital Acquires Residential Property In Springfield, MA For $76M

The residential property located at 101 Lowell Street in Springfield, MA has been sold for a total price of $76,000,000. The sale took place on July 2, 2020, and involved a total of 612 units. The price per unit was approximately $124,183.

Summary of transaction details:

• Property Type: Residential
• Transaction Amount: $76,000,000
• Address: 101 Lowell Street
• Market: Springfield, MA
• Units: 612
• Price Per Unit (PPU): $124,183

The seller in this transaction was the Silver Street Development Corp, represented by Roger Gendron. The buyer was BLVD Capital, represented by Robert Budman. The sale was facilitated by the following brokers from CBRE: Simon Butler, Biria St. John, John McLaughlin, Jeff Kunitz, and Mike Canori.