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128-Unit Complex Fetches $7M Plus

WEST WARWICK, RI-The Mayor Group picks up Quaker Towers, a class B multifamily property here, after the seller cuts the price by $1 million.

By Beverly Ford | Updated on October 25, 2006

(To read more on the multifamily market, click here.)

WEST WARWICK, RI-A Boston real estate firm has acquired a 128-unit apartment complex here for $7.5 million after the seller shaved $1 million off the asking price.

The Mayo Group acquired Quaker Towers, a fully leased, seven-building complex at 337 Cowesett Rd., months after it was put on the market for $8.5 million by the undisclosed seller, says Robert Tito, with NAI Hunneman Commercial’s Boston office.

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