Bell Partners buys two multifamily properties in Boston

Bell Partners buys two multifamily properties in Boston
Image: Courtesy of Bell Partners

Bell Partners Inc. has acquired Hanover Westford Valley and Hanover Westford Hills, two adjacent multifamily properties located in Westford, Mass., on behalf of the firm’s Fund VII investors.

Bell Partners said the two properties will be merged to form Bell Westford, which will be the 5th community Bell Partners owns in the greater Boston area. Bell Westford includes a mix of 408 apartments and 12 townhomes.

“Residents at Bell Westford have convenient access to Boston’s employment while enjoying the high-quality suburban lifestyle with access to some of the best public schools in Massachusetts,” said Nickolay Bochilo, Executive Vice President of Investments at Bell Partners. “Our investment in two adjacent properties and combining operations post-closing reflects a targeted approach to creating value for the residents and investors through operating synergies, while benefiting from demographic shifts towards suburban living in a high-quality market like Boston.”

Bell Westford is located along the bustling I-495 corridor, home to a wide range of technology and healthcare employers including IBM, Abbott Laboratories and NetScout, as well as retail amenities at The Point Shopping Center and Cornerstone Square.