The six-year-old property is located in the easternmost portion of Cambridge along the bank of the Charles River. It was acquired by ING Clarion in October 1999. The company says the decision to sell at this time was motivated by the strong demand in Boston for luxury condominiums.
"We always believed this high quality asset with its true barriers-to-entry location would ultimately have strong conversion exit potential," says Robert D. Greer, Jr., senior director at ING Clarion. "The current environment clearly offered us the opportunity to exercise this strategy."
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