Gloucester land purchased for apartments
Riverbend Apartments LP has purchased 27 acres in Gloucester for apartment buildings.
The land, located at 6139 George Washington Memorial Highway, was purchased for $2.762 million from Zandler Development Co. LLC.
Phase 1 of the apartments will include 130 units, while Phase II will include 88 units.
Bill Overman and John Wessling of S.L. Nusbaum Realty Co. represented the buyer.