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October 17, 2018

Apartment complex near Boston Landing sells for $43M

Trac 75, a 93,000-square-foot, 80-unit apartment complex near Boston Landing, has sold to a private family office for $42.5 million. The sale adds to the swell of development activity in Allston following the opening of the Boston Landing Commuter Rail station and the ongoing buildout of the 15-acre Boston Landing campus.

Brookline-based Trac 75 LLC bought the apartment complex from real estate firms The Grossman Cos. Inc. and the Waypoint Cos. The entity is managed by Zhiqiang Gui and Xiaojie Zhang,…

Source: Boston Biz

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