Boston – September 21, 2015 – CBRE/New England announced the sale of 34 Franklin Street in Nashua, New Hampshire. Lofts 34 LLC, a Brady Sullivan company, purchased the 310,000-square-foot former mill building.
“It is exciting to know that this historically-significant piece of real estate will be redeveloped and the considerable impact it could have on the City of Nashua,” stated CBRE/NE's Mike Tamposi who represented the seller in the transaction.
The 19th century former paper mill is situated in Nashua's Riverfront West development project, which, when completed, will serve as a pedestrian-oriented, mixed-use neighborhood along the Nashua River with a river walk linking it to retail and parks.
“It is unclear at this time what Brady Sullivan plans to do with the property, but they have a reputation for redeveloping historic mill buildings into beautiful loft apartments and 34 Franklin Street is ideal for that,” said Tamposi.
About CBRE/New England CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (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.