HENDERSON GLOBAL INVESTORS SELLS 204-UNIT LUXURY COMPLEX

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READING, MASS. — Jones Lang LaSalle (JLL) has arranged the sale of Reading Commons, a 204-unit luxury apartment community located 10 miles north of Boston in Reading. Institutional investors advised by J.P. Morgan Asset Management purchased the property from an affiliate of Henderson Global Investors. Built in 2006, Reading Commons is near the intersection of Route 128 and Interstate 93. Amenities include a heated pool with grilling area, fitness center, movie theater, underground parking for 62 vehicles and 30 detached garages. Michael Coyne, Travis D’Amato and Jonathan Schneider, senior vice presidents, led the JLL team in the transaction, along with associates Kevin Gleason and Brendan Shields.

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