News: Front Section
Posted: November 19, 2007
KW Commercial brokers 340,000 s/f sale for Forest City and Kleger Family
Mike Annese of KW Commercial-Keller Williams represented Forest City Enterprises and The Kleger Family Trust in the purchase and sale of two mill buildings totaling 340,000 s/f for the conversion to 303 two-bedroom apartments under the city's new 40R zoning.
The sale price was $6 million.
The properties are located at 98-108 Essex St. and 10 Duncan St.
The $70 million renovation and construction project, which include a 2-story garage, is expected to begin soon and take 18 months to complete.
The transaction is one of the largest sales in the city`s history.
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