Commercial Market News Update

Some Notable Sales in January 13’ The Multifamily market had the most notable sales; the Summit Ridge Apartments (276 Units) sold for $25 million, and the foreclosure of the Villas @ D’Andrea for $18 million. Cashman Equipment purchased 2 industrial buildings on Dermody Way and a lot from McKenzie Properties for $1,220,000. McKenzie Properties also purchased 9.5 acres of industrial ground on Technology way for $1,305,000. Click here to see the spreadsheet for all of the January transfers and don’t hesitate to contact Tom Fennell with any questions you may have on these transactions. Foreclosures are in yellow and multi-parcel sales are in blue.


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