Equity Residential Sells Gateway At Malden Center Multifamily In Malden Massachusetts For $97 Million

The multi-family asset located at 14 Summer Street in Malden, MA was sold for $97 million. The complex, known as Gateway at Malden Center, is comprised of over 200 units and was constructed in the 1980s. It offers studio to two-bedroom units featuring high-end finishes.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $97,000,000
• Seller: Mark J. Parrell
• Seller's Company: Equity Residential
• New Property Name: Arrive Malden
• Market: Malden, MA

Mark J. Parrell represented the seller, Equity Residential, in this transaction. The deal reflects the ongoing demand for multi-family properties in the Malden market.