Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Zen Easton, a 99-unit, 55+ Independent Senior Living apartment community in Easton, Massachusetts.
CBRE represented the seller, an affiliate of San Francisco-based FPA Multifamily, LLC. CBRE also procured the buyer, an unnamed institutional investor.
Built in 2003, Zen Easton is comprised of a single three story elevatored building within the larger Queset Commons, a 30-acre mixed-use development which includes two restaurants: Giana Restaurant & Bar and the Stoneforge Grill. The community is located south of Boston and has easy access to Route 24, providing easy access throughout greater Boston.
The property has a combination of classic, renovated studio, one- and two-bedroom units with an average home size of 798 square feet. The property has a large amenity offering including a resident social lounge, dining hall and catering kitchen, cyber lounge, fitness center, library, two theater rooms, large storage lockers and ample outdoor space.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.
