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News release

Boston

JLL arranges sale of suburban Boston multifamily community


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BOSTON, Aug. 24, 2017 – JLL's Capital Markets experts today announced the company arranged the sale of The Washingtons, a 182-unit multifamily community in Melrose, Massachusetts. Monogram Residential Trust purchased the community from Wood Partners.

2 and 37 Washington St.jpgManaging Directors Travis D'Amato and Michael Coyne, along with Vice Presidents Brendan Shields and Kevin Gleason, led the JLL team on the transaction.

"Outer Urban Boston continues to be in demand as investors look to capitalize on the city's momentum," said D'Amato. "This luxury rental community offers everything today's core buyer is looking for, including being a short walk away from the MBTA Orange line."

The Washingtons, located at 2 and 37 Washington St., is a transit-oriented community that provides residents with convenient access to downtown Boston. Each unit features top-of-the-line finishes and amenities. The community also includes a rooftop deck with outdoor seating and a resident lounge with a kitchen and bar.

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. With access to thousands of domestic and foreign investors, our team of over 200 professionals provides comprehensive investment sales and dispositions services. We are also one of the nation's largest multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv. 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.