Berkshire Group sold the 300-unit Union Place Apts. in Franklin, MA to Jones Street Investment Partners for $64.75 million, or approximately $216,000 per unit.
The 409,756-square-foot apartment community was built in 2005 at 10 Independence Way roughly 25 miles southwest of downtown Boston in the 495-South Corridor. It consists of one- and two-bedroom units across 10 mid-rise buildings, and features a fitness center, clubhouse, and a pool with…