John M. Corcoran Nabs Apartments in Cambridge’s Central Square

Walker & Dunlop Capital Markets arranged the sale and financing of 929 MASS, a mixed-use, two-building property located in Cambridge’s Central Square. The team of Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland executed the $53.6-million sale on behalf of an institutional seller.

Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for John M. Corcoran & Company (JMC), arranging a $37.1-million fixed-rate, interest-only Fannie Mae loan. JMC has partnered with Stars REI to provide property and asset management services to 929 MASS and complete property upgrades.

“Combined with its prime location in one of Greater Boston’s most dynamic and sought-after submarkets, 929 MASS has strong potential to meet local housing demand and enhance the units to appeal to affluent professionals working in the area,” said D’Amato, managing director at Walker & Dunlop.

929 MASS includes an 18-story tower with 96 rental units and 12,451 square feet of commercial space, along with a contiguous five-story building comprising 31 units.

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