JLL Capital Markets has arranged capitalization for 200 Quannapowitt, a 440-unit transit-oriented multifaminy community in Wakefield, Massachusetts, on Lake Quannapowitt. Terms of the deal were not disclosed. Working on behalf of developer Cabot, Cabot & Forbes, JLL secured joint venture equity with Equity Residential with a team led by Brett Paulsrud, Andrew Gray and Mike Shepard.
Situated along I-95 in Boston’s 128 North corridor, the property will offer one-, two-, and three-bedroom units, with 18% designated as affordable. Amenities include coworking spaces, an outdoor pool, fitness center, grilling areas, a skydeck clubhouse, commuter rail shuttle, and courtyards.
“Greater Boston multi-housing fundamentals remain strong and leading institutional investors continue to focus on quality investment opportunities in the space,” said Paulsrud. “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.”
The post JLL Arranges Development Capitalization for Wakefield MF Community appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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