View of Park Lane Seaport from Boston Harbor Photo by Peter Vanderwarker Photo by Peter Vanderwarker

In a deal closed on December 9th, a group of investors represented by JPMorgan Asset Management purchased the Arrowstreet-designed Park Lane Seaport. The 465 residences, arranged in two towers of rental units, opened in 2006, targeting young, urban professionals looking for more space and flexibility than what the city’s 19th-century housing stock can provide. Park Lane Seaport also contains ground-level retail and restaurant and 496 underground parking spaces.

The Fallon Companies / Cornerstone Real Estate Advisers sold the property for a reported $193.8 million.

Topics: Residential