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.