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2003 Transactions


Tremont Advises on Sale to Winn Development
The Boston office of Tremont Realty Capital recently advised the seller on the sale of the East Mill at the Boott Mills complex, in Lowell, MA. The East Mill is a 224,957 square foot, separate parcel of the historic mill located on the Merrimack River.

Dan Mee, Executive Director with Tremont, advised Edward Barry, the owner of Boott Mills in this sale of a subdivided portion of the Mill to Winn Development of Boston. Barry continues to own the South and West Mills along with the storehouse building all totaling some 400,000 square feet. Winn plans to convert the East Mill to a multifamily use as a mixed income apartment complex. According to Mr. Mee, "with the office market somewhat stalled, our client decided to pursue a re-use of a portion of the complex. We sought out a quality multifamily developer who will be a good neighbor to the commercial portion of the Boott Mill. Winn Development has a long track record of first class properties and sensitive management. We are excited about the momentum the Boot Mills will enjoy from the build-out of the East Mill." Together with the Tsongas Museum of Industrial History, the Boott Mill office and now multifamily sections, share a historic landscaped courtyard near shopping and the restaurants of downtown Lowell.

For additional information on this transaction, please contact:

Daniel Mee
Executive Director
Email: dmee@tremontcapital.com
Phone: 617.867.0700 x777



























 


 
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