Benedict Canyon Equities buys SkyMark Tower for $28.8m

Benedict Canyon Equities buys SkyMark Tower for $28.8m

Published at: 2019-10-03 14:51 | Author: CIJ USA
Benedict Canyon Equities paid $28.8m for a 206-unit apartment tower in Worcester, Massachusetts. The 24-story SkyMark Tower was built in 1991. The mixed-use building houses 1,800 sq ft of office space, a fitness and business center, a clubhouse, 24 laundry facilities and 260 parking spaces. The seller, VTT Management, purchased the building for $14.5m in 2003. At the time of the sale, SkyMark was 95 percent leased.

Similar Stories:

Olney named CEO at Berkshire Residential Investments
Berkshire Residential Investments has promoted David Olney to Chief Executive Office. Olne  »
SouthStar wins refinacing for Florida apartment complex
SouthStar Properties has secured a $53 million refinance of Vista at Lost Lake, an apartme  »
Liberty Towers changes hands for $409m
Mack-Cali Realty Corporation has completed the first transaction in a $820m 1031 exchange.  »
Nathan Holdings acquires City Ridge Apartments in Jacksonville
Nathan Holdings has acquired City Ridge Apartments in Jacksonville, Florida, for $24.7m. T  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »