Friday, August 8, 2014

Christina Mill Sells for $30.3M

Korman Residential Properties, Inc. sold the 228-unit Christina Mill apartment community at 100 Christina Mill in Newark, DE to Lowe Enterprises Investors for $30.25 million, or roughly $133,000 per unit. 

The 193,572-square-foot multifamily property consists of 14 buildings with a total of 190 one-bedroom and 38 two-bedroom units. The property was constructed in 1992 on 18.5 acres in New Castle County.

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