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| Alta Stone Place Apartments, Melrose, MA |
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| Christopher Phaneuf |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Alta Stone Place, a 212-unit, Class A
luxury apartment community located approximately five miles north of downtown
Boston in Melrose, Massachusetts.
HFF marketed the property
exclusively on behalf of the seller, Wood Partners, LLC. Mesirow Financial purchased the asset free
and clear of existing debt.
Alta Stone Place, located
at 1000 Stone Place, is surrounded by a conservation land green belt and is
within walking distance to numerous shops and restaurants.
The transit-oriented community is positioned
directly adjacent to a MBTA bus stop and is steps from the MBTA Orange and Haverhill
Lines, providing access directly into Boston.
Completed in 2015, the
property offers a mix of loft-style units in a renovated brick and beam mill
building, as well as more traditional units in three newly-constructed
buildings.
Units average 948 square
feet each and feature distinctive architectural details, including exposed
brick, oversized windows and high ceilings.
Community amenities include a heated swimming pool with grilling and
outdoor dining; 24-hour fitness center with yoga room, spinning and Xbox
Kinect®; fenced dog park; resident lounge with billiards and theatre room; and
a 289-space parking garage with direct building access.
The HFF investment sales
team representing the seller was led by managing director Christopher Phaneuf and director Mark Campbell.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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