SALISBURY, MD-Fairfax Station Enterprises LLC, an investment firm based in Northern Virginia, has purchased an Eastern Shore apartment complex for $6.8 million. The firm has bought Tide Mill, a 104-unit complex near Salisbury University, from a joint venture including Michael B. Gross of Advantage Properties Inc. and Douglas Margerum of Cove Property Management.
The property sits on approximately 15 acres of land. Brokers from CB Richard Ellis Inc. handled the deal. For the full story, go to Baltimore Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.