Off Market Land Sale in Andover MA

Our team successfully represented the seller in the off market sale of a 10 acre MBTA adjacent development site located at 100 Old River Road in Andover MA. The property was sold through a privately negotiated transaction to SV+P in partnership with John M Corcoran. The buyers plan to develop more than 425 residential units on the site.

This transaction reflects the growing demand for large scale transit oriented development opportunities in suburban Massachusetts. The site’s proximity to the MBTA, combined with its size and zoning potential, positioned it as a highly strategic asset within the Andover real estate market.

Seller Representation and Off Market Strategy

Representing the seller, our role focused on strategic positioning, buyer targeting, and discreet execution. Rather than pursuing a broad public marketing process, the seller elected to pursue an off market strategy. This approach allowed for focused outreach to qualified development groups with the capacity and vision to execute a project of this scale.

Off market transactions of this size require precision. We identified buyers with proven experience in large multifamily and mixed income developments. We managed the process to protect confidentiality while still creating competitive tension.

This strategy resulted in a successful outcome without exposing the asset to market uncertainty or unnecessary disruption.

Site Characteristics and Development Potential

The 10 acre site at 100 Old River Road offered a rare combination of scale, transit access, and long term development potential. MBTA adjacency significantly enhanced the site’s value, making it well suited for high density residential development that aligns with regional housing and transportation goals.

Large development sites in established suburban markets remain scarce. This property stood out due to its size, location, and ability to support a substantial residential program. The planned development of more than 425 units reflects both the strength of the site and the confidence of the development team.

We worked closely with the seller to articulate the site’s strengths and long term value. Clear positioning played a key role in attracting the right buyer group.