Luxury apartments in Shrewsbury, Southborough sold for $77M
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The Madison Place apartments in Shrewsbury, pictured here, have been sold along with apartments in Southborough for $77 million.
Two luxury apartment complexes in Southborough and Shrewsbury, built by the same developer between 2010 and 2013, have been sold to a Stoneham property management firm for a combined $77 million.
Per property records at the Worcester County Registry of Deeds, the Madison Place apartments in both towns were sold to business entities controlled by Brickpoint Properties in Stoneham.
The 98-units in seven buildings in Shrewsbury on Route 9 were sold for $24 million, while the 140 apartments in Southborough also along Route 9 were sold for $53 million.
Both sales closed last Friday. The selling entities are registered to Robert Moss of Westborough.
The sales come just months after Moss sold a 176-unit apartment complex in Hudson for $44.2 million to a New York City firm.
Brickpoint Properties controls seven apartment complexes throughout the state, including in Stoneham, Peabody, Burlington, and Boston.
Brickpoint Properties could not immediately be reached for comment.
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