Supera Realty picks up Noble Square rental for $12M

The buyer is financing the purchase with a $7.9 million loan from JPMorgan Chase

1545 West North Avenue (Credit: Sedgwick Properties)
1545 West North Avenue (Credit: Sedgwick Properties)

Sedgwick Properties has sold a new five-story, 30-unit rental building for $12 million to Supera Realty, records show.

Sedgwick developed the building at 1545 West North Avenue, which broke ground in 2015.

Records also indicate Supera has landed a $7.9 million mortgage on the property from JPMorgan Chase.

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Supera’s Patrick Keenan said the firm is aiming to lease 2,400 square feet of vacant retail space on the ground floor.

When the building’s groundbreaking was announced, a press release from Sedgwick advertised units renting from $1,900 a month, with the smallest units measuring 675 square feet.

Sedgwick did not respond to a request for common in time for publication.