Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler, announced the sale of 3200 Washington, a 73-unit apartment building in Jamaica Plain, Massachusetts.
CBRE, Inc. exclusively represented the seller, 3200 Washington, LLC, an affiliate of Boston-based Berkeley Investments, and procured the buyer, FCREF 3200 Washington, LLC.
3200 Washington was built in 2019 and comprises of two buildings, one that has five stories and another that has six stories. The community also includes two commercial suites leased to Drawdown Brewery and Glenvale Solar. The asset was built to the LEED Gold standard. 3200 Washington Street also has an expansive amenity package including a landscaped courtyard, roof deck, resident lounge, and gym.
CBRE’s Simon Butler said, “We are pleased to have represented Berkeley Investments in the sale of 3200 Washington. Berkeley was successful in delivering a high-quality boutique apartment community in the dynamic Jamaica Plain submarket. The property offers the buyer the ability to earn strong long-term returns.”
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 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage serving, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development).
