Colliers International sells 112 unit refurbished mill building in Millbury

Boston, MA, September 11, 2019 – 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, Massachusetts. 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.


colliers international sells 112 unit refurbished mill building in millbury

 

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI) is an industry-leading global real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

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For further information, please contact:
Jen Weber
InkHouse for Colliers
Phone: 781.966.4130
Email: colliers@inkhouse.com