News: Front Section

Brady Sullivan Properties purchases City Hall Plaza at 900 Elm Street for $19.75 million

Brady Sullivan Properties has completed their newest acquisition, 900 Elm St., also known as City Hall Plaza. The historic and iconic office building makes an excellent addition to the company's existing portfolio of real estate in the Queen City. Purchased at $19.75 million, the building is the tallest in Northern New England at 19 stories, 275 feet in height, with 219,000 s/f. This first class office building offers sweeping views of Manchester while providing "best in class" accommodations with the city's most prominent business address. The building is a defining feature on the Manchester skyline with its distinctive architecture. It boasts the highest quality office lobby, providing 8 high speed elevators, cherry wood accents, granite floors and concierge service. "With a host of long-standing tenants, City Hall Plaza is a high-end gem in the city of Manchester and we're thrilled to expand our footprint," said Charles Panasis, director of commercial real estate at Brady Sullivan. "This is a very exciting acquisition for us," said Arthur Sullivan, owner. "The property completes our portfolio of high end Elm St. properties. For small businesses or larger corporations, it's the perfect fit, while providing numerous amenities that downtown Manchester has to offer." Brady Sullivan's plans are to keep things status quo while renovating the 5th floor by adding windows and revitalizing the common area. Brady Sullivan's recent purchases for 2014 have included: The Center at Keene and Colony Mill in Keene NH, 3000 Goffs Falls Rd. and 1050 Perimeter Rd. in Manchester adding close to an additional 800,000 s/f of commercial space to their ever-expanding portfolio.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary