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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