Northmarq’s Kansas City office brokers $11.5 million sale of 901 Lofts in Lawrence, Kansas

901 Lofts
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
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LAWRENCE, KANSAS (September 28, 2022) – Jeff Lamott and Gabe Tovar of Northmarq’s Kansas City investment sales team completed the $11.5 million sale of 901 Lofts. The 7-story/55-unit multifamily property (built in 2011) is located at 901 New Hampshire in Lawrence, Kansas and included 20,843 of commercial space. Northmarq represented the seller, First Management, Inc. led by managing member Doug Compton. 

“901 Lofts is a trophy asset situated on an irreplaceable site in the heart of the downtown Lawrence entertainment district. The iconic views of the city with instant access to boutique shops and local dining made an extremely compelling investment opportunity,” said Lamott. 

The sale compliments the momentum the Kansas City Northmarq team has had in the Lawrence market representing the sale of twelve multifamily communities totaling over $163 million since 2019.

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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