Pantzer Properties buys 289-unit Woburn apartment complex for $130.7 million, renaming it The Point at Woburn

A major suburban multifamily trade north of Boston

Pantzer Properties has acquired a large apartment community in Woburn, Massachusetts, in a transaction valued at $130,676,000. The property, located at 120 Commerce Way, has been rebranded as The Point at Woburn following the sale.

The purchase adds another sizable asset to Pantzer’s growing Greater Boston footprint at a time when investors continue to focus on stabilized, transit-accessible multifamily properties in suburban locations close to major employment centers.

What was sold: a recently delivered mid-rise with retail

The asset is a six-story, mid-rise apartment building delivered in 2022 and built as a luxury-oriented rental community. It contains 289 residential units, with a unit mix ranging from studios to three-bedroom apartments. The project also includes roughly 9,300 to 9,400 square feet of ground-floor restaurant and retail space.

Its location places it near Interstate 93 and within walking distance of the Anderson Regional Transportation Center, a commuter-rail and bus hub that connects riders to Downtown Boston and other destinations.

• Address: 120 Commerce Way, Woburn
• Residential units: 289
• Ground-floor retail/restaurant: about 9,300–9,400 square feet
• Delivery: 2022

Development background and recent capital markets activity

The community was developed through a partnership involving Toll Brothers Apartment Living and an affiliate of The Carlyle Group. Planning and construction activity for the project dates to the pre-pandemic period, with development moving forward as the Route 128/I-93 corridor remained a high-demand residential market.

In recent years, the property has also been tied to large-scale financing activity. In 2024, a refinancing was completed for the building with an $81 million loan, reflecting the level of lender interest that top-tier suburban multifamily assets have continued to draw even as borrowing conditions tightened nationally.

How the deal fits the region’s multifamily market

Woburn sits within Boston’s northern suburban ring, where multifamily development has clustered near transportation infrastructure and job nodes. The Commerce Way area has seen continued investment tied to access, proximity to the Route 128 tech corridor, and commuter connectivity.

The sale underscores continued institutional demand for stabilized apartment assets in well-connected suburban Boston locations.

What to watch next

With the rebranding to The Point at Woburn, attention is likely to center on operational changes, leasing performance, and the longer-term role of the building’s ground-floor retail in a corridor shaped by both commuter traffic and ongoing commercial redevelopment.