–Leading investment sales firm represents the seller and procures buyer in the transaction in Lawrence, Massachusetts–
Newton, MA (July 2, 2024)- Northeast Private Client Group® (NPCG) has announced the sale of South Union Street Lodging in Lawrence, MA.
Senior Associate Francis Saenz, Drew Kirkland, and Jim Casey represented the seller and procured the buyer in the transaction.
This 22,698 SF building is comprised of 76 rooms and 12 common bathrooms. The property has a strong historical occupancy rate, the new buyer will have significant upside in continuing to operate the building & bringing rents closer to market levels over time.
“Through our aggressive marketing & relationships we were able to source multiple offers from qualified buyers on an asset that not many lenders would take risk on, given the state of the market. Congratulations to the buyer and seller here!” -Francis Saenz, Senior Associate
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
