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Fairfield Residential Closes $50.3 Million Sale of Andover Park in Lawrence

TGM Associates Nets 240-Unit Market-Rate Community Off Salem Tpke.
By Ryan Stambaugh
December 14, 2015 | 6:53 P.M.

New York City-based multifamily investment firm TGM Associates bolstered its Northeast holdings with the purchase of Addison at Andover Park at 100 Hawthorne Way in Lawrence, MA from Fairfield Residential for $50.3 million, or approximately $209,000 per unit.

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