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    Quincy apartment complex sells for $35.3m, broker Jones Lang LaSalle says

    Photo courtesy of Jones Lang LaSalle.
    The Residences at Munroe Place

    Structure Tone paid $35.3 million to buy the Residences at Munroe Place, a multifamily complex in Quincy, said a broker involved in the transaction.

    The broker is the commercial real estate services firm Jones Lang LaSalle, which represented the seller in the transaction, National Real Estate Advisors.

    The 111-unit complex is nearly 100 percent occupied, and the ground floor retail space is anchored by a Starbucks, said Jones Lang LaSalle, whose team on the transaction was led by senior vice presidents Travis D’Amato and Michael Coyne.

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    “The Residences at Munroe Place presented investors the rare opportunity to obtain a 100 percent market rate property adjacent to a T stop,” D’Amato said in a statement. “Due to its transit orientation, underground parking, steel construction, and close proximity to downtown Boston, we received a very high level of interest during the marketing process.”

    Chris Reidy can be reached at reidy@globe.com.