Colliers sells 112-unit refurbished mill building in Millbury

0
162

Boston – Colliers International recently announced that its Capital Markets group facilitated the sale of Cordis Mills, a 112-unit, fully renovated luxury apartment complex located at 65 Canal Street, Millbury, MA.

Built from the foundation of the original 1870s Mill, the complex has been restored to boast unique historical charm with today’s modern conveniences and subsequently maintains nearly 100% tenant occupancy.

Colliers International’s Senior Vice President Christopher Sower and team represented owner, R.H. White, in the $17.5 million sale to Charger Ventures LLC, a Washington, D.C. metro-based and Mid-Atlantic/Northeast-focused multi-family investment management platform, founded in 2018.

“We enjoyed working with both R.H. White and Charger Ventures in this exciting transaction,” noted Sower. “It proves that the Boston suburbs – even the suburbs as far-reaching as the greater Worcester market – are very much thriving in today’s multi-family economy.”

In addition to Sower, supporting transaction representatives from Colliers International’s Capital Markets group included Vice President Bruce Lusa, Assistant Vice President Jonathan Bryant, and Associate John Flaherty.