Claremont Cos. Sells Community Near Boston
The 176-unit property last traded in 2022.
A partnership controlled by Claremont Cos. has sold Matrix Hudson, a 176-unit luxury community in Hudson, Mass. CBRE brokered the deal on behalf of the seller and procured the buyer, a core-plus fund advised by Zurich Alternative Asset Management.
The property, which came online in 2017, previously traded in November 2022, when Claremont Cos. acquired it for $55.5 million—about $315,341 per unit—from Pantzer Properties, Yardi Matrix information shows.
The multifamily transaction activity in Boston remained moderate at the end of the third quarter with $1.3 billion in assets changing hands year-to-date through September, according to a Yardi Matrix report. For comparison, the metro recorded an average of $2.2 billion in deals over the past 10 years. The softened fundamentals were also a consequence of seasonal slowdown.
READ ALSO: Up Next? Stay in the Mix Till ’26
Located at 1000 Matrix Way, the community is 39 miles from downtown Boston and has access to interstates 290 and 495. The Boston Logan International Airport is 41 miles southeast.
Matrix Huston consists of three five-story buildings across 2 acres. The unit mix features one- and two-bedroom layouts ranging between 758 to 1,139 square feet. Additionally, 46 units are designated as affordable. Common-area amenities include a clubroom, fitness center and business center. The property also has a dog park, outdoor patio and grilling area, as well as 220 parking spaces.
