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| 200 Quannapowitt, a 440-unit, transit-oriented multi-housing community planned in Wakefield, MA |
BOSTON, MA – JLL Capital Markets has arranged a capitalization for 200 Quannapowitt, a 440-unit, transit-oriented multi-housing community to be built in Wakefield, Massachusetts, on Lake Quannapowitt. Financial details were not disclosed.
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| Brett Paulsrud, |
JLL worked on behalf of the developer Cabot, Cabot
& Forbes, to secure the joint venture equity with Equity Residential (NYSE:
EQR).
The JLL Capital Markets Advisory team was led by Senior
Managing Director Brett Paulsrud, Managing Director Andrew Gray
and Director Mike Shepard.
Upon completion,
the property will feature one-, two- and three-bedroom floorplans with 18% of
the units designated as affordable.
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| Andrew Gray |
200 Quannapowitt will feature market-leading amenity options, including coworking spaces, an outdoor pool, an expansive fitness center, grilling areas on the lake, a skydeck clubhouse, commuter rail shuttle and multiple courtyards.
Residents will benefit from the natural lake setting with walking and biking trails, as well as sailing and windsurfing opportunities.
Ideally located along I-95 in Boston’s
thriving 128 North corridor, residents will enjoy convenient access to suburban
Boston’s leading employers and amenity options while also enjoying tranquil and
relaxing outdoor activities right at one’s doorstep.
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| Mike Shepard. |
“The Cabot, Cabot
& Forbes team worked tirelessly with the community to prepare a project
that incorporates the feedback from a wide array of stakeholders and will offer
much needed rental housing to Boston’s suburbs.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth
local market and global investor knowledge delivers the best-in-class solutions
for clients — whether investment sales and advisory, debt advisory, equity
advisory or a recapitalization. The firm has more than 3,000 capital markets
specialists worldwide with offices in nearly 50 countries.
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please visit our newsroom.
CONTACT:
Kristen Murphy
Director, Public Relations
JLLkristen.murphy@jll.com
