LOWE BUYS COVINGTON FARMS IN EVERETT

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EVERETT, WASH. – Lowe Enterprises Investors has acquired the 352-unit Covington Farms in Everett for an undisclosed sum. The community is located at 10115 Holly Drive in the Paine Field submarket, which is also home to Boeing, Aviation Technologies and Naval Station Everett.

The community was built in 1989. It was 95 percent occupied at the time of sale. The unnamed seller was represented by Gail Neuburg of ARA

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