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|Number of units||326|
Jones Lang LaSalle (JLL) has been exclusively retained to market the Beverly Crossing Downtown Portfolio, a five-building, transit-oriented apartment portfolio containing 326 units and 15,327 SF of ground-floor retail, located in Beverly, Massachusetts. Each asset is located in Downtown Beverly within walking distance to numerous amenities including more than 30 restaurants, cafes, and convenience retail options. Beverly is a thriving North Shore community, featuring multiple public beaches, a new Whole Foods Market, arts festivals, an authentic cultural scene, and two colleges in addition to its vibrant downtown. The portfolio offers excellent access to commercial demand drivers along I-95/Route 128 as well as the city of Boston via the nearby Beverly Depot commuter rail station, with access to Boston’s North Station in 30 minutes. Residents enjoy the perks of suburban living at a discount to urban rents while also benefiting from proximity to transit, a walkable urban-like environment, and great access.
The portfolio is comprised of five distinct assets, offering a range of finishes and amenities. This unique offering will provide investors an opportunity to create operating efficiencies and add value through light renovations if desired. In parallel, prospective residents are offered a menu of different finish levels and price points. There are few assets of this location and quality that offer best-in-class unit finishes along with an opportunity to increase rents via value-add renovation.
- Exceptional property performance
- Easy access to the region’s primary commercial hubs
- Walkable amenities
- Product variety/Value proposition