Boston Business Journal | By Catherine Carlock
December 20, 2016
Gerding Edlen, a Portland, Oregon-based real estate investment and development firm, has acquired Neponset Landing in Quincy for $89.5 million.
Northwestern Mutual Real Estate sold the 280-unit luxury residential community on Dec. 15. Simon Butler and Biria St. John of CBRE/New England’s capital markets team represented Northwestern in the deal.
Gerding Edlen entered the Greater Boston market in 2012, developing properties including Troy Boston, a $185 million, 385-unit luxury apartment complex in Boston’s South End; The Eddy, a 16-story, 258-unit apartment complex on the East Boston waterfront; and 315 on A, a 202-unit luxury apartment tower in Boston’s Fort Point that Chicago-based Equity Residential acquired last year for $130.3 million.