Manchester, NH Harrington & Reeves and Norton Asset Management teamed up to sell 99 Middle St.
This 14,000 s/f brick office building is located in the Central Business District and was previously owned and occupied by a local law firm.
Bill Norton, Norton Asset Management facilitated the sale, and Mike Harrington of Harrington & Reeves represented the seller.
The building was purchased for $875,000 by Global Plastics, LP who will be renovating the building and relocating their U.S. headquarters from New York City.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.