Norton, MA – Campanelli, a commercial real estate development, acquisition, and construction management company, recently announced jointly with Thorndike Development that they have sold East Main Apartments in Norton. The 188-unit luxury multifamily community was completed by Campanelli Construction in 2017.
JLL’s capital markets team, including managing directors Michael Coyne and Travis D’Amato, along with vice presidents Kevin Gleason and Brendan Shields, arranged the sale to Jones St. Investment Partners for $53.65 million.
East Main is a newly constructed Class A apartment community featuring top-of-the-line amenities, including a swimming pool, outdoor kitchen with grills, fitness center and yoga room, expansive rustic clubhouse, and an outdoor lounge with fire pit. The property is located a quarter mile from I-495 and five miles from I-95.
“What sets our communities apart from the rest is our team’s dedication to thoughtful urban planning,” states Thorndike Development president Lloyd Geisinger. “In New England, we are conditioned to value neighborhoods. Walking down a tree-lined street, flanked by homes with front porches, makes us feel good about the place where we live. Today’s suburban multifamily projects are all about evoking that same nostalgic feeling; our plans are about the spaces in between.”
Lease-up is well underway on the team’s third project, Cirrus Apartments in Ashland, Massachusetts. The latest Campanelli-Thorndike community, which totals 398 units, is set for completion later this year.