The Crossings at Mill Creek Sells for $22.7M

Local multifamily property owner and manager Morgan Properties, along with institutional investor AIG, sold the 338-unit multifamily complex at 2000 Swarr Run Rd. in Lancaster, PA for $22.65 million, or about $67,000 per unit. The new owner, The Westover Companies, is a locally based regional real estate investment company that develops, owns, and manages multifamily, office, and retail properties across the Mid-Atlantic states.

Built in 1971, The Crossings at Mill Creek is a 327,604-square-foot multifamily community located in the Lancaster County submarket of Philadelphia. The property consists of 84 one-bedroom units, 170 two-bedroom units, and 84 three-bedroom units. Each unit has a full kitchen that includes a dishwasher and separate dining area. The majority of the units have washers and dryers. The community also has laundry facilities, swimming pools, and playgrounds.
www.omegare.com

The Crossings at Mill Creek Sells for $22.7M 2012-08-02T07:40:00-07:00 Rating: 4.5 Diposkan Oleh: jembe