Lowell, MA — October 16, 2020 — SVN | Parsons Commercial Group | Boston, a full-service commercial real estate brokerage firm and part of the SVN® brand, is pleased to announce the completion of the sale of a 33,000 square foot two story building on approximately 1.04 acres at 81 Bridge Street in Lowell, Massachusetts for $2,567,780. Senior Real Estate Advisors, Marci Alvarado and Jake Parsons of SVN® | Parsons Commercial Group | Boston represented the Seller, Bridge Street Business Center, LLC and procured the Buyer, Mill Bridge Residential, LLC.

Marci Alvarado reported that, “We are very excited to announce the sale of the property to Mill Bridge Residential who is planning to redevelop the property in the near future. The property has convenient access to major routes and is located in the heart of downtown Lowell.” In addition, Margarita Kvacheva, Senior Vice President of LBC Boston said “She is looking forward to witnessing transformation of 81 Bridge St under the new ownership”.

For more information on SVN | Parsons Commercial Group | Boston visit www.svnpcgboston.com.

About SVN | Parsons Commercial Group | Boston
SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.