Northmarq’s Kansas City office brokers $11.5 million sale of 901 Lofts in Lawrence, Kansas
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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
