Mack-Cali Realty acquires 220-unit multi-family property for $37.7M

Mack-Cali Realty announced that it has acquired Andover Place at 650 Bulfinch Drive in Andover, Massachusetts. The 220-unit, multi-family property was acquired for a purchase price of approximately $37.7M. This luxury community consists of studio, one, two, and three-bedroom units, as well as three-bedroom duplexes. The 94% leased property was acquired from AEW Capital Management and Corcoran.


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