BOSTON, MA – October 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Chelsea Place, a LEED Silver, transit-oriented apartment community located just outside of Boston in Chelsea, Massachusetts.

The HFF team represented the seller, Federal Realty Investment Trust, and procured the buyer, John M. Corcoran & Co.

Completed in 2013, Chelsea Place offers units averaging 909 square feet each and featuring top-of-the-line finishes such as stainless steel appliances, walk-in closets, central AC and en-suite laundry.  The 98-percent-leased property has unmatched community amenities epitomizing the very best of urban living, including a resident lounge and coffee bar, a unique urban outdoor lounge, fitness center and garage parking.  Chelsea Place is situated adjacent to Chelsea Commons, a premier community shopping center and close to the FBI New England headquarters and the The ENCORE Boston Harbor, a world-class entertainment destination scheduled to open in June 2019.  Additionally, the transit-oriented property offers easy access to downtown Boston in approximately 20 minutes via the MBTA at Beachmont and Chelsea Stations or vehicular access via Route 1.

The HFF investment advisory team representing the seller consisted of director Adam Dunn and managing director Chris Phaneuf.