High Street Residential, the residential subsidiary of Trammell Crow Company, announced on August 9th that it has has sold Matson Mill, a 280-unit apartment community located at 101 Washington Street in Conshohocken. High Street developed the property in partnership with MetLife Investment Management. According to the announcement the property is approximately 95% percent leased. It opened in 2022.

“The successful stabilization and sale of this Class A multifamily asset is a testament to the quality and design of the property, in addition to its sought-after location and the overall demand for this type of product in the Philadelphia suburbs,” said Michael Adamo of High Street Residential. “We are pleased to have had a successful development cycle with Matson Mill and are actively pursuing the next opportunity to bring world-class housing to the Philadelphia area.”

CBRE marketed the property on behalf of High Street. It was listed in March 2024.

The buyer of the property nor the price was included in the press release. Property records in the Montgomery County database have not yet been updated to reflect the sale.

On July 24th, residents of the apartment community were notified that Buzzuto Management Company was no longer the property manager. It was replaced by Greystar.

Photo: High Street Residential