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Local Investor Boosts Boston Portfolio With Acquisition of Jack Flats

Mesirow Financial Sells Melrose Complex for $102 Million
The Jack Flats luxury apartment complex totals 212 units. (CoStar)
The Jack Flats luxury apartment complex totals 212 units. (CoStar)
By Michael Harvey
CoStar Research
February 3, 2020 | 9:46 P.M.

Local full service investment firm GID Investment Advisers has purchased Jack Flats in suburban Boston from Chicago-based Mesirow Financial for $102 million, or about $480,000 per unit.

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