Benjamin W. Schall Of AvalonBay Communities Purchases Multifamily Site In Billerica For $14M

The property involved in this transaction is a multifamily residential development site located at 480 Boston Road, Billerica, MA, encompassing 8.75 acres. The sale price for this asset was $14,000,000, and it is set to include a 200-unit apartment building, along with additional commercial space for a supermarket and retail establishments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Buyer: Benjamin W. Schall - AvalonBay Communities
• Seller: RD Management
• Address: 480 Boston Road
• Market: Billerica, MA
• Acres: 8.75

Benjamin W. Schall represented AvalonBay Communities in this transaction, while RD Management was the seller of the property at the Shoppes and Residences at Billerica. The deal highlights the collaboration between these firms in the multifamily sector of real estate development.