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LYNNFIELD, MASS. — John M. Corcoran & Co. (JMC) has sold Lynnfield Commons to a joint venture between L&G and Taurus Investment Holdings. JMC, which developed the property in 2009, will remain as the property manager for the 200-unit, garden-style community.
Lynnfield Commons is in the North Shore submarket of Boston and offers one- and two-bedroom units with amenities that include a clubhouse, fitness center, pool and walking trails. One quarter of the units are designated affordable, with an 80 percent area median income cap, according to the property website. The sales price was not disclosed.