Merrimack, NH According to CBRE/New England, HCOP Merrimack, LLC sold 21 Manchester St. in Heron Cove Office Business Park. The 41,000 s/f, class A building is part of the three-building Heron Cove Office Park, which is situated on 15 acres. The 21 Manchester St. property was sold for $3.85 million with 4.12 acres.
“Our business plan always contemplated the possibility of carving out this building for a potential owner/user sale,” said Erika Clarke, vice president of asset management for Novaya.
CBRE/NE first vice president Roger Dieker and vice president Michael Tamposi represented the seller, HCOP Merrimack, LLC, a joint venture between Novaya Real Estate Ventures and Bradstreet & Chandler.
“This was a significant sale for our client,” said Dieker. “Although we were not actively marketing the building for sale, the building was ideal for a full-building owner/user and a sale dramatically enhanced the overall investment return for our client.”
JLL’s Michael Ciummei and Brian Tisbert represented the buyer.