Franklin apartments sell for $129M, three years after development
Photo | CoStar
Station 117 Apartments in Franklin sold for $129 million to Eaton Vance Management.
Station 117 Apartments, located on Dean Avenue in Franklin, sold for $129.1 million on Dec. 20, marking a rate of roughly $500,000 per unit, according to the Norfolk Registry of Deeds.
The nearly 260-unit complex was built in 2018 by Fairfield Residential, a California-based real estate developer.
Fairfield Residential sold the development to Eaton Vance Management, a Boston-based investment firm with locations across the globe.
The property includes one-, two-, and three-bedroom apartments spanning a total of 323,000 square feet, according to the Town of Franklin assessors’ database. It is located off Dean Avenue on the west end of Dean College’s campus.
The deal was brokered by Maryland-based Walker & Dunlop, Inc., according to real estate database CoStar.
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