Dieker and Harrington of CBRE|NE sell 70,000 s/f whse./freezer - $3m

March 06, 2008 - Northern New England

14 Kelly Road - Salem, NH

Roger Dieker and Mike Harrington of CB Richard Ellis|New England brokered the sale of 14 Kelly Rd. to Kelly Plaza, LLC for $3 million.
This 70,000 s/f warehouse/freezer building sits on 2.97 acres in the retail corridor. Dieker and Harrington of CBRE's Manchester office represented the seller, Frostar, Inc., and procured the buyer.
Kelly Plaza, LLC plans to demolish the building and convert it to a retail use.

For more information about CB Richard Ellis/New England, please call at (603) 626-0036.

About CB Richard Ellis/New England
CB Richard Ellis/New England is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property, facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting.

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune. Please visit our website at CBRE-NE
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