PhilMor Real Estate Acquires Brighton Apartments for $14M
PhilMor Real Estate Investments has acquired 26 Hichborn, a 23-unit apartment property in Brighton, MASS. The sales price was $14 million.
Built in 2019, the 42,544-square-foot property is adjacent to the mixed-use development Boston Landing, which consists of the new world headquarters of New Balance, the Boston Celtics, Boston Bruins, 100K SF of Bose offices, as well as a world class track and field/indoor concert venue. Amenities at 26 Hichborn include a roof deck with Boston skyline views as well as secure garage parking.
“26 Hichborn represents the core element of our DNA: identifying undermanaged properties in markets with superior demographics and unique locational attributes, and then driving value through hands-on management, focused capital improvements, and active marketing,” said Phillip Bakalchuk and Morgan Hanlon, principals at PhilMor.
The seller was not disclosed.
Please find the article in Connectcre.com here