AEW Capital Management Acquires Hanover Crossing Residences From The Hanover Company For $156M

80 Mill Street is a multi-family asset located in Hanover, MA. This property features 297 units and was sold for $156,000,000, reflecting a price per unit of $525,253. The asset was constructed in 2023 and is positioned adjacent to the Hanover Crossing shopping center, which spans 720,000 square feet.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $156,000,000
• Address: 80 Mill Street
• Market: Hanover, MA
• Units: 297
• Price Per Unit: $525,253
• Seller: Jameson Brown - The Hanover Company
• Brokers: Simon Butler, Biria St. John, John McLaughlin & Brian Bowler - CBRE

CBRE facilitated the sale of Hanover Crossing Residences, with Jameson Brown from The Hanover Company acting as the seller's representative. The acquisition was made by AEW Capital Management, highlighting the involvement of prominent entities in this transaction.