Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FRANKLIN, MA-Dunphy Management purchased Union Square Apartments, an 85-unit complex, for $7 million from Sawyer Realty Holdings LLC.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.