Woburn-Based Investor Bets Big On Downtown Peabody

PEABODY, MA — Viceroy Capital Management is the new owner of 11 buildings in downtown Peabody, including 15 storefronts and 149 apartment units. The Woburn-based real estate investment firm closed on the $17.2 million purchase Wednesday. According to the Daily Item, which first reported this story, Viceroy was attracted by the low turnover in the real estate it was purchasing, as well as a push by city officials to redevelop downtown Peabody.

"We see this as a great portfolio of working class housing and down-to-earth retail tenants," said Carl Valeri, the Woburn company’s co-managing partner, told the newspaper. "Downtown Peabody is classic America, the way it used to be."

For more on this story, see the Daily Item.