Manchester, NH CBRE/New England completed the sale of 345 Cilley Rd., a 6,096 s/f two-story medical/office building. CBRE/NE’s Christopher Healey represented the seller, Hassell’s End Properties, and procured the buyer, Peerless Properties, LLC, a privately owned company.
“We are very pleased to have facilitated this transaction,” said Healey. “It is always a challenge to find the right buyer for any property. In the case of 345 Cilley Rd., the fit-up was initially designed for medical office use and therefore would attract either a buyer/user or an investor that could see the property’s potential. Our client was well aware of that and worked with us to price the building accordingly.”
“A savvy investor like Peerless Properties has vision beyond what a typical buyer/user looks for when purchasing a property,” said Healey. “Like most experienced investors, the company was in the market for an acquisition that offers value to their portfolio. Working with educated property sellers and buyers such as these two is an excellent example of the collaborative effort it takes to complete a transaction where both parties benefit.”