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Dunphy Management Acquires 85-Unit Property for $7M

FRANKLIN, MA-In a deal that the broker involved says demonstrates the strength of multifamily market in the Route 495 area, Dunphy Management buys Union Square Apartments for $7 million from Sawyer Realty Holdings LLC.

By Naomi Grossman | Updated on September 17, 2003

FRANKLIN, MA-Dunphy Management purchased Union Square Apartments, an 85-unit complex, for $7 million from Sawyer Realty Holdings LLC.

The complex is a converted mill that features open-beamed ceilings, exposed brick interior walls, an indoor pool and is located near the MBTA commuter rail station. Nordblom Co.’s Multifamily Investment Sales Group represented the seller in the transaction and procured the buyer. The Burlington, MA-based firm works as one unit instead of as individual brokers. The team consists of Jonathan Close, senior vice president; Terence M. Scott, vice president; Michael Girard, investment broker; and Jacandra Prescott, multifamily analyst.

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