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Andover Mixed-Use Property Fetches $7.4M

Oct 19, 2011 | Reprints | Unlock Link | Print

Olde Andover Village, a 55,000-square-foot apartment, retail and office building in downtown Andover, has sold for $7.4 million.

NAI Hunneman Executive Vice Presidents and Principals David N. Ross and Robert Tito, along with Sales Associate Gina Barroso, represented the seller, OVA Realty Trust. The same team also procured the buyer, Lincoln Essex Capital LLC, in the transaction.

"Old Andover Village is an excellent first purchase for Lincoln Essex Capital," said Tito. "The asset offers a great location with tremendous upside potential."

Located near the grounds of Phillips Andover Academy, Olde Andover Village is an office/retail/multifamily property which abuts the town’s public parking lot.

Commercial & Industrial