Berkeley Investments Inc. Acquires Multifamily Properties In Lawrence, MA For $95M

The multifamily property located at 240 Canal Street and 270 Canal Street in Lawrence, MA was sold in a recent transaction. The property consists of 425 units and was sold for a total price of $95,000,000, resulting in a per unit price of $223,529. The sale took place on 03/22/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $95,000,000
• Units: 425
• Price Per Unit: $223,529
• Seller: SMC Washington Mills Apartments Limited Partnership & SMC Washington Mills Apartments II Limited Partnership
• Buyer: Berkeley Investments Inc.
• Brokers: Jennifer Athas & Matt Olson - Berkadia

Jennifer Athas and Matt Olson from Berkadia represented the buyer, Berkeley Investments Inc., in the transaction. They played a key role in facilitating the sale of the multifamily property located in Lawrence, MA.