Standard Communities Acquires Methuen Multifamily Property For $13.8M

The multifamily property located at 51 Osgood Street in Methuen, MA has been sold for a price of $13,800,000. The sale took place on December 16, 2020. Methuen Mills LP served as the seller, while Standard Communities acted as the buyer in this transaction. The property was marketed by CBRE, with Simon Butler, Biria St. John, and John McLaughlin representing the seller as brokers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,800,000
• Date: 12/16/2020
• Address: 51 Osgood Street
• Market: Methuen, MA
• Seller: Methuen Mills LP
• Buyer: Standard Communities
• Brokers: Simon Butler, Biria St. John, & John McLaughlin - CBRE

The involvement of Simon Butler, Biria St. John, and John McLaughlin from CBRE as the brokers adds an additional layer of expertise to the deal. Their role was crucial in facilitating the transaction between the seller, Methuen Mills LP, and the buyer, Standard Communities. This successful sale showcases the strength of the multifamily market in Methuen, MA.