ZR Development Group Acquires Development Site In Lowell For $1.125M

125 Perry Street in Lowell, MA, has been acquired by ZR Development Group for $1,125,000. The transaction was supported by $5,162,250 in financing from Salem Cooperative Bank. The property is set to undergo development into a new construction 24-unit multifamily project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,125,000
• Address: 125 Perry Street
• Market: Lowell, MA

Zidan R of ZR Development Group was the driving force behind the acquisition of 125 Perry Street. The financing for the deal was successfully secured from Salem Cooperative Bank, enabling the development plans for the upcoming 24-unit multifamily project.