Scully Company Acquires Second New England Community with Haverhill Buy
Scully Company has acquired The Bixby, a 128-unit, multifamily asset located in Haverhill, MA within the Northern Essex submarket. The Bixby is Scully Company’s second community in New England.
Scully acquired the market rate property from Blackfin Real Estate Investors with the disposition and financing coordinated by Berkadia. The firm intends to modernize select unit interiors and enhance common areas.
“The excellent location and ability to offer residents a well amenitized living experience on the idyllic Merrimack River made for an attractive investment profile,” said John Schonborn, managing director of investments for Scully Company.
The Bixby offers pet-friendly, modern, studio, one, and two-bedroom apartments. A MBTA station just across the street provides residents access to 25 shops and restaurants along Washington Street.
Existing community amenities include a resident lounge with pool tables, shuffleboard, and smart TVs, an entertainment kitchen, 24-hour fitness center, bark park, resident storage, dedicated package room and secure on-site structured parking.
- ◦Sale/Acquisition
