Waltham Landing, newly opened 34-unit apartment complex in Downtown Waltham, sells for $17.5 million

On Thursday (August 4th, 2016), developer Charles River Place LLC sold the newly opened 34-unit Waltham Landing apartment complex, located in Downtown Waltham, to local restaurateur and real estate investor Dennis A. Dyer of Watertown, MA for $17.5 million as recorded in the Middlesex County Registry of Deeds. Dyer secured a $13.125 mortgage for Waltham Landing on Thursday through East Boston Savings Bank.

Charles River Place LLC acquired the Waltham Landing site in October 2014 for $2.308 million and secured a total of $10.1 million in financing including an initial mortgage of $1.5 million in October 2014 through Somerset Ventures LLC and a second mortgage in December 2014 through East Boston Savings Bank for $8.6 million. Waltham Landing broke ground in December 2014 and opened in January 2016. The building contains approximately 41,460 rentable square feet (RSF) including 33,200 RSF of residential space and 8,260 RSF of ground-floor retail. The following is the deed for the sale of Waltham Landing to Dennis A. Dyer:

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