200-400 Quannapowitt Parkway
Update
09/20/22
Denenberg Realty Advisors Negotiates a $30,000,000 Acquisition of a 24 Acre Site Permitted for a 440 Unit Multi-Family Community
On September 13, 2022, Neil Denenberg, President of Denenberg Realty Advisors, negotiated an off-market sale of a 24 Acre Site at 200 Quannapowitt Parkway in Wakefield, MA for $30,000,000.
Denenberg Realty Advisors, represented both the seller, Waterstone Wakefield, LLC, and procured the buyers Cabot, Cabot & Forbes and Equity Residential. Both parties worked very closely to put this deal together. Neil Denenberg, President of Denenberg Realty Advisors, stated: “It was a pleasure working closely with these two extremely committed parties, Waterstone and Cabot, Cabot & Forbes/Equity Residential on the acquisition and permitting of this development site. We look forward to working with them again in the future. This was a rare off-market opportunity to purchase a 24 acre lakefront property in Wakefield, MA.”
The buyer Cabot, Cabot & Forbes and Equity Residential have permitted this lakefront property to become a 440+ Unit Multi-Family Community. The project sits at the northern end of Lake Quannapowitt, a popular regional outdoor destination offering visitors a quiet, bucolic lake setting where many enjoy walking, jogging, and biking, as well as sailing and windsurfing. A 3.5-mile paved loop encircling the 250-acre lake provides a natural amenity base for residents to enjoy these popular outdoor activities.
Denenberg Realty Advisors is an active boutique firm specializing in the sale of off-market properties including Strip Centers, Apartment Complexes, Multi-Family, Office, Retail and Industrial Properties as well as Land deals in the Northeast and welcome buyers and sellers to contact them.
