News: Front Section
Posted: March 11, 2016
Christie, McGee and Lieber of NAI Hunneman broker $16.4 million sale of the 96-unit Reading Depot apartment complex
Carl Christie, NAI Hunneman
Dan McGee, NAI Hunneman
Henry Lieber, NAI Hunneman
Reading, MA NAI Hunneman brokered the $16.4 million sale of the 96-unit Reading Depot apartment complex located at 1 High St., 132-142 Washington St., 129 Ash St., and 25-35 Green St. in downtown.
Executive vice president Carl Christie, assisted by assistant vice presidents Dan McGee and Henry Lieber represented the seller TKV Associates and procured the buyer Reading Depot Nominee Trust.
Reading Depot, 1 High Street, 132-142 Washington Street, 129 Ash Street, and 25-35 Green Street - Reading MA“There was quite a bit of interest for this asset,” said Christie. “A large brick apartment complex, near the commuter train in Reading is a rare offering. We had over 150 registrations, 40 site tours, and over a dozen offers. All this culminated on the call for offers date in November. We were pleased to be able to finish the process and close the transaction in January.”
The Apartments at Reading Depot includes eight 12-unit brick apartment buildings located adjacent to each other. The garden-style buildings were built in 1969 and include off-street parking. The site is located near the MBTA Commuter Train Station (Reading Depot).
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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