Verge Somerville Update 04/29/21

Somerville Parcel Trades Hands, $3.9 Million Loan Secured

Somerville Service and Gas, LLC sold 16 Medford Street to Somerville Living, LLC - a subsidiary of Dibiase Development - for $2,572,568.81 with a mortgage for $3,900,000 arranged by Enterprise Bank and Trust Company. 

A 1,840 SF gas service station, 16 Medford Street features 43,560 square feet of space located between Kendall Square and Boynton Yards. 

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