Contact:

Courtney Fleishman, Marketing Specialist

Lofts at Perkins Park / HallKeen Management
21-39 Perkins Street
Lowell, MA 01854
cfleishman@hallkeen.com
perkinspark@hallkeen.com
tel: 978.275.9669
fax: 978.275.9776

F O R I M M E D I A T E R E L E A S E

Lofts at Perkins Park Now Officially Open

Luxury 1 & 2 bedrooms apartments in a renovated historic mill

Lowell, MA – September 11th, 2009 – Lofts at Perkins Park, a beautifully renovated

historic mill, announced today that it has officially opened and residents are ready to
move in. The brand new community is composed of the historic McQuade and Hub
mills, and has been transformed into 183 luxury one and two bedroom apartment homes.
Twelve residents moved into the McQuade building today, and each resident was
welcomed with move-in gifts. At least twenty more residents will be moving in over the
next month. With more than thirty-five leases already signed, Lofts at Perkins Park is
quickly leasing both the McQuade and Hub buildings. The Hub building will be coming
on line in early fall and final completion of the project will be late fall.

Lofts at Perkins Park overlook the Merrimack River and has been revitalized into modern
living spaces with exposed brick, massive beams, soaring ceilings and giant windows.
The sun-soaked lofts offer a unique opportunity to live in a serene riverfront park steps
from some of the most exciting sports, entertainment and cultural offerings in the area.

“We are delighted that the first Lofts at Perkins Park residents move in today,” said
Edward Walsh, President and Co-Founder of Mira Development. “It is very exciting to
see the project transforming daily, and even more exciting to welcome the residents to
their new homes.”

Built within the walls of a historic structure, each one and two bedroom residence is
distinct with the kind of character that is rarely found in so many of today’s “cookie
cutter” new construction projects. And with the latest in amenities—central air
conditioning, ample closet space, fitness center, community room—the Lofts at Perkins
Park truly offer the best of old and new.

Lofts at Perkins Park is developed by Mira Development and Alta Properties, designed by
Ganek Associates, and managed by HallKeen Management.

Visit www.LOFTSatPERKINSPARK.com for more information, leasing application,

floorplans and photos.
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About Lofts at Perkins Park

The redevelopment of the former Hub Hosiery and McQuade mill buildings, accumulate
approximately 210,000 square feet, into a multi-family development consisting of 183
luxury apartments. Lofts at Perkins Park is centrally located between the Paul Tsongas
Arena, the LaLacheur baseball park and UMass-Lowell’s North Campus, overlooking the
Merrimack River. Once used as two hosiery mills, the buildings have been renovated
into luxury one and two bedrooms loft apartments. Apartments feature stainless steel
appliances, beautiful river views, in-home washer/dryer, exposed brick walls, oversized
windows, ceramic tiled bathrooms, 12-18 foot ceilings, high-end sound dampening
between apartments, ample closet space, and gas is included in the rent. Community
amenities and features include on-site storage space, covered parking, serene park-like
setting, 30 minute commute from Boston, pet-friendly, close to Rts. 3, 495, 93, fitness
center, Wi-Fi Access in lounge, 24-hour emergency maintenance and on-site
management. www.LOFTSatPERKINSPARK.com

About Alta Properties

Alta Properties LLC is a real estate development and investing firm focused on acquiring
and developing commercial property in Massachusetts. Kathleen Joyce Kusiak is the
Managing Partner.

About Ganek Architects

Ganek Architects, Inc takes tremendous pride in their ability to combine project
requirements with creative imagination that result in successful projects. It is their intent
to always design functional, inviting and beautiful spaces that inspire each and every
person that enters them. They believe strongly that real world practicality and thoughtful
innovation go hand in hand. Their vision is matched only by our clients’ aspirations.
Great design – it is what we bring to our projects and present to our clients every day.
www.GanekArchitects.com

About HallKeen Management

HallKeen is a diversified real estate company based in Norwood, Massachusetts focusing
on the acquisition, development and management of affordable and mixed income
housing. HallKeen’s current portfolio includes over 5,000 units of multi family
residential housing in forty five separate partnerships, 258 units of assisted living
residences in four partnerships, and approximately 1.5 million square feet of commercial
space, inclusive of light industrial, office and biotech laboratory space. HallKeen has a
strong presence throughout New England, spanning from Winooski, VT, to North Adams,
MA; Berlin, NH to Danbury, CT; Portland, ME to Kingston, RI. While retaining prime
focus on affordable housing, HallKeen manages a diverse portfolio of residential housing,
commercial properties and assisted living communities. www.HallKeen.com

About Mira Development

Mira is structured as a full service Real Estate Development Group capable of performing
either at risk development, or providing fee based program management for selected third
parties. Based on the extensive experiences of the Mira staff, we have the capabilities to
manage a project from inception to stabilization, including master planning, entitlement,
and design and construction management. Consistent with the full service approach, we
maintain a strong working relationship with qualified architectural and engineering firms,
planners, attorneys, investors, banks, contractors, and Real Estate brokers. Mira focuses
on the re-development of under-utilized, and/or developmentally challenged Real Estate
projects, such as a Brownfield or an adaptive re-use, that are located in existing urban
environments. www.miradevelopment.com