Boston – October 28, 2015 – CBRE/New England announced the sale of 345 Cilley Road, a 6,096 square foot two-story medical/office building in Manchester, New Hampshire. 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,” noted CBRE/NE's Chris Healey. “It is always a challenge to find the right buyer for any property. In the case of 345 Cilley Road, 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,” added 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.”
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.