According to Charles Panasis, director of commercial real estate at Brady Sullivan Properties, and Michael Reed, president of Stebbins Commercial Properties, Inc. have sold approximately 35,000 s/f of commercial condominium space in the Manchester Millyard to Moore Center Services, Inc. The sale price was $4.205 million.
The space is located in the Brady Sullivan Millworks on 195 McGregor St., a historic mill building formerly known as Millwest that was recently renovated by Brady Sullivan.
Moore Center Services, Inc. provides individual and family support to people in the Greater Manchester area, with developmental disabilities and acquired brain disorders. The organization has relocated its offices from 132 Titus Ave. after selling that property to Mount Zion Christian Academy, a transaction that was also coordinated by Stebbins.
Brady Sullivan has also extended a $1.1 million contribution to help kick off The Moore Center's Capital Campaign, which began in October. Stebbins also contributed an in-kind donation of $80,000 toward the campaign.
Upon completion, Brady Sullivan Millworks is poised to be a premiere class A, mixed-used development that will accommodate commercial tenants from 1,000 s/f and up, and will house up to 280 one and two bedroom loft-style residential condominiums.