Leominster apartment complex sold by prominent Worcester lawyer for $3M
Photo | Google
Maple Manor apartments in Leominster
A corporation registered to Worcester lawyer Michael Angelini and his late brother sold a 29-unit apartment complex in Leominster for $2.5 million to two Franklin buyers, who collectively own the nearby Hilltop Garden apartments and a piece of the former Atlantic Union College campus in Lancaster.
The seller, Maple Manor Realty Corp., is registered to Angelini, the chairman of Worcester law firm Bowditch & Dewey and the former chairman of the Hanover Insurance Group of Worcester, and his brother Gregory Angelini, a long-time Leominster attorney who passed away in November.
The new owners of the five-building site at 227 West St., called Maple Manor, are Raymond Safi and Bechara Fren, both of Franklin, who bought the site through a limited liability corporation. The sale, which closed Dec. 7, according to the Worcester Northern Registry of Deeds, puts the value of each unit at about $86,000. The two-acre site was last assessed by the City of Leominster at just under $1.8 million.
Fren, through other limited liability corporations, owns other residential properties in the area, including the 120-unit Hilltop Garden apartment complex in Leominster, purchased on Dec. 30 for $9.6 million; the Grafton apartment complex on Upton Street, purchased in May for $4.9 million; and the 37,000-square-foot Parkview Apartments on Barnes Street in Worcester, purchased in 2018 for $3.2 million.
Safi, on Feb. 21, purchased Ross Manor on Main Street in Lancaster for $1.6 million, through a limited liability corporation also registered to Robert Safi. That property was once part of Atlantic Union College, which closed two years ago.
WBJ Web Partners
Most Recent
0 Comments