JLL closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset.
JLL Capital Markets announced it closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset.
Located at 125 Broad St., the property sits on 2.11 acres and totals 72,999 square feet. The current layout includes 93 units with various amenities, including a commercial kitchen, dining room, activity areas, outdoor courtyard, common gathering areas and outdoor walking trails. Given the attractiveness of the location, the buyer has ample opportunity to convert the property into a multi-housing asset within a key, coastal suburb just south of Boston.