Harbor Group International Sells Boston Suburban Portfolio For $460M

A portfolio of six multifamily properties in the Boston suburbs has been sold by Harbor Group International (HGI) for a total of $460 million. The properties, located at 738 Plain St, 45 Wheeler Circle, 39 Briarwood Lane, 141 Broadmeadow Street, 158 Concord Road, and 100 Arbor Drive, consist of over 1,700 units. The sale price amounts to an average of $270,588 per unit.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $460,000,000
• Units: 1,700
• Price per Unit: $270,588

HGI, under the representation of Jordan E. Slone, closed the deal on the six-property portfolio in the suburbs of Marshfield, Stoughton, Marlborough, Billerica, and Shrewsbury, MA. The sale of these properties marks a significant transaction in the Boston area's real estate market.