Lowell, MA Heritage Properties, a large scale apartment developer, has sold its commercial real estate portfolio in the city.
100 Merrimac St., 43-45 Middle St. and 88-92 Merrimac St. totaling 31,846 s/f were sold in a single transaction to GDG Properties Southbridge LLC for $1.5 million. 1201 Westford St., a 17,394 s/f office building was sold to HK Realty LLC for $1.05 million.
O’Brien Commercial Properties represented Heritage Properties in both transactions.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and