Northmarq announces $6.825M sale of Parkview Manor apartments
Parkview Manor
RACINE, Wis. — Northmarq’s Midwest Multifamily Investment Sales team of Alex Malzone, Dominic Martinez, Parker Stewart and Jake Lamb brokered the $6.825 million sale of Parkview Manor, a 101-unit multifamily community in Racine, Wisconsin. Built in 1970, the property is located at 2200 Washington Avenue.
Northmarq represented the seller, an Illinois-based private investor. The buyer was a Milwaukee-based private investor.
"Parkview Manor drew interest from local groups due to its historical performance and excellent condition. We’re excited for the buyer to add more scale in the Racine submarket and see them execute on their value-add business plan,” said Malzone.
Meet our team
About Northmarq
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.
