CUSHMAN & WAKEFIELD ARRANGES TWO MULTIFAMILY SALES

BOSTON AND SOUTH YARMOUTH, MASS. — Cushman & Wakefield has arranged two multifamily sales in Massachusetts. In the first deal, a joint venture between locally based The Fallon Company and Cornerstone Real Estate Advisors sold Park Lane Seaport to institutional investors advised by JP Morgan Asset Management. The high-rise, transit-oriented apartment community contains 465 units and is located in Boston's waterfront neighborhood. In the second transaction, Weston Associates acquired Swan Pond Village from Swan Pond Development Co. for $12.6 million. The community is located in South Yarmouth and contains 150 units of affordable housing. The team of Simon Butler and Biria St. John of Cushman & Wakefield's Capital Markets Group represented the seller and procured the buyer in both deals.