A 56-unit apartment complex in Framingham is under new ownership, three years after the seller purchased the site and upgraded it.
Arlington Commons, located at 77-79 Arlington St., was sold for $15.1 million in a deal finalized on Thursday, according to Middlesex South District Registry of Deeds records. The property was purchased by an entity managed by Karim Jouki of Franklin.
Jouki sold a three-building medical office park in Milford for $4.13 million in September 2025 and a 59-unit apartment building in Norwich, Connecticut a month later.
Arx Urban, a firm based in Newton, had purchased the Framingham apartment site for $13.62 million in 2023, according to registry records. That purchase included 93 Arlington St., a property containing a two-family residential building. The firm then completed capital improvements at Arlington Commons, which included a utility audit and security upgrades, according to its website.
Built in 1970, the two-building site contains a mix of market-rate studio, one-bedroom, and two-bedroom apartments. The property is less than a half mile from the Framingham MBTA Commuter Rail station.
The site received a 2025 tax assessment value of $9.98 million, according to City of Framingham property records.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
