NGKF Capital Markets has negotiated the $32.5 million sale of two multifamily properties in Arlington, Massachusetts. The investment properties, which are located at 60 Pleasant Street and 1-17 Old Colony Lane, total 250 units.
NGKF Executive Managing Director Leigh Freudenheim, Senior Managing Director Anthony Biette and Managing Director Jason Cameron represented the seller, The Estate of David P. Wilfert, in the transaction. The buyer, the real estate investment and development team of Andre Danesh and Sean Wilder, represented itself.
“This was a unique opportunity to purchase critical mass in a great neighborhood,” stated Mr. Wilder. “We saw the opportunity and we pounced on it.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.