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McMorgan Pays $42M for Salem Multifamily Complex

Hawthorne Commons Houses 228 Units
By Michelle Sonn
December 19, 2011 | 9:21 P.M.

McMorgan & Co. acquired Hawthorne Commons, a 228-unit multifamily property at 4 First St. in Salem, MA, from BlackRock Inc. for $41.8 million or $183,333 per unit.

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News | McMorgan Pays $42M for Salem Multifamily Complex