Healey of CBRE/New England brokers 6,096 s/f building sale

345 Cilley Road - Manchester, NH

Manchester, NH CBRE/New England completed the sale of 345 Cilley Rd., a 6,096 s/f two-story medical/office building, for an undislcosed price.

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.”

N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is one of the world’s largest commercial real estate services and investment firms (in terms of 2014 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE 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.