The complex is a converted mill that features open-beamed ceilings, exposed brick interior walls, an indoor pool and is located near the MBTA commuter rail station. Nordblom Co.'s Multifamily Investment Sales Group represented the seller in the transaction and procured the buyer. The Burlington, MA-based firm works as one unit instead of as individual brokers. The team consists of Jonathan Close, senior vice president; Terence M. Scott, vice president; Michael Girard, investment broker; and Jacandra Prescott, multifamily analyst.

Scott notes that this deal demonstrates that the strength of the Greater Boston multifamily market extends to the Route 495 ring. "As rents remain high throughout Greater Boston, communities such as Franklin, with direct access to the MBTA, are becoming more desirable to professionals commuting into the city," adds Scott.