Berkadia Sets Up $95M Sale of 2 MF Residence in Lawrence

Berkadia has arranged the $95 million sale of the Merrimack Valley Portfolio, a two-property multifamily profile in Lawrence, MASS.

. The profile contains Mill 240 and also Washington Mills, two mid-rise previous mill structures established right into Course A multifamily properties in Lawrence. Mill 240 is a 217-unit residential property located at 240 Canal St. that was remodelled in 2019. Washington Mills is a 155-unit home located at 270 Canal St. that was restored in 2007.

Jennifer Athas as well as Matt Olson of Berkadia’s Boston workplace stood for the seller in the deal, Massachusetts-based SMC Washington Mills Apartments Limited Partnership as well as SMC Washington Mills Apartments II Limited Partnership. The purchaser was Boston-based Berkeley Investments Inc.

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David Cohen is Southeast Content Director at Link Business Property. David is a media veteran with more than one decade of experience in journalism, copywriting and communications throughout a selection of roles.
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Released at Mon, 22 Mar 2021 17:49:18 +0000

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