STOW, Massachusetts — February 7, 2023 — SVN | Parsons Commercial Group | Boston has completed the sale of a 37.32 acre four parcel lot of raw land on Goshen Lane in Stow for $930,000.
Senior Advisor, Jake Parsons, of SVN | Parsons Commercial Group | Boston represented the seller, EFMC Associates, and procured the buyer, Habitech Acquisitions, in the transaction.
The new owner, Habitech Acquisitions, recently purchased the surrounding land and has plans to develop an active adult neighborhood consisting of 141 units called “The Cottages at Wandering Pond.”
According to the landscape designer, Thom Minder of Hawk Design, the property will have two neighborhoods- The Greens and The Garden- that will be connected by a wetland area. Plans also include a recreation area facing public-access walking trails, a clubhouse, small pool, activity lawn, and a pickleball court.
“The Cottages at Wandering Pond project is in its final stages of permitting,” commented Parsons, “This was the perfect location to develop an active adult neighborhood community due to its proximity to I-495, and the need for additional senior housing in Stow. It was a pleasure working with both the seller and the buyer in this transaction.”
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.