Banker & Tradesman
December 20, 2016
Akelius US LLC has paid $64.25 million to acquire Carson Tower, a 153-unit apartment tower on Columbia Road in South Boston.
The Stockholm, Sweden-based real estate company has identified Boston and its inner-ring suburbs as one of its key U.S. growth markets. Akelius now owns 11 properties in the region.
Nixon Peabody’s Christopher Froeb and Christina Ricotta served as legal counsel in the acquisition from Fairfield Bay Tower LP, an affiliate of San Diego-based Fairfield Residential.