Lili F. Dunn Of Bell Partners Acquires 204-Unit Reading Commons In Reading For $96M

The MultiFamily asset located at 7 Archstone Circle in Reading, MA has been sold for $96,000,000. This property encompasses a total of 233,808 square feet and comprises 204 units, providing a price per square foot of $411 and a price per unit of $470,588.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $96,000,000
• Address: 7 Archstone Circle
• Market: Reading, MA
• Square Footage: 233,808
• Price Per Square Foot: $411
• Units: 204
• Price Per Unit: $470,588

Lili F. Dunn represented Bell Partners in acquiring the 204-unit Reading Commons apartment complex from an affiliate of J.P. Morgan Asset Management. This transaction marks the sixth Boston-area property for Bell Partners, thus expanding its regional portfolio to a total of 1,461 units.