Ozzy Properties, Inc. acquires Abbott Landing, 96-unit residential complex at 168 River Road, Andover MA
(February 1, 2021) Ozzy Properties, Inc. in partnership with 1600 Osgood Street, LLC, announced that it has acquired 168 River Road, Andover, MA. This four-building residential complex is located 26 miles north of Boston at the intersection of I-93 and River Road, offering a prime location with excellent regional access. This transaction closed on February 1, 2021 and marks a rare opportunity to acquire a high-end multifamily development in the suburbs north of Boston.
Built in 2007, the complex represents a total of 132,000 square feet in four buildings with 24 units per building. The property sits on nearly 5 and half acres. Tenants enjoy spacious one and two-bedroom floor plans and a mix of quality onsite amenities including a clubhouse with cathedral ceilings, a common room and kitchen, fitness center and pool, and leasing office. Private garages are available, and the complex is pet friendly.
The Abbott Landing acquisition represents a strategic addition to Ozzy’s growing portfolio of highly functional assets strategically located in select markets in the Merrimack Valley.