Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Quinn35, a 250-unit, Class A apartment community in Shrewsbury, Massachusetts.
CBRE represented the seller, an affiliate of Bluerock Real Estate Holdings, LLC, a New York, NY-based real estate investment firm. The team also procured the buyer, a fund advised by Bell Partners, a Greensboro, NC-based real estate investment firm.
Built in 2018, Quinn35 is comprised of 4 four-story residential buildings and 1 three-story residential building. Community amenities include a 2nd floor community space with conference room, outdoor heated pool, fitness center, private garages, and a dog park.
Quinn35 is located adjacent to Lakeway Commons a Whole Foods -anchored retail center with numerous restaurants/shops including Burtons Grill, Starbucks, and Tavern in the Square. Additionally, the property is strategically located in the Metro West employment market with easy access to I-90 & I-290 as well as UMass Memorial Hospital and Chan Medical School.
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
