Manchester, NH Three Brady Sullivan Properties buildings are welcoming or making room for growing tenants throughout the city. Three companies will be calling a Brady Sullivan building home for the first time, while an existing tenant has outgrown its current space and is expanding. The four deals total 13,083 s/f.
The Waumbec Mill became home to Bunker IT Systems and HDR, Inc. in July. Bunker IT Systems is a start-up technology company opening its first New Hampshire office, and will occupy 1,500 s/f in the historic mill building. HDR, Inc., the global engineering, architecture, environmental, and construction company with more than 220 locations worldwide, is bringing its business to 3,896 s/f of office space in Manchester’s Millyard. HDR’s new location is a combined effort from Brady Sullivan’s Benjamin Kelley, and Michael Ciummei of Jones Lang Lasalle.
Both Bunker IT Systems and HDR, Inc. are utilizing Brady Sullivan’s turnkey build-out offering. The real estate company’s architecture and construction teams will design and build spaces customized to each business’s needs.
Elite Vapor has made the Brady Sullivan Plaza at 1000 Elm St., the home of its fourth location, and first in Manchester. Occupying 1,691 s/f, the space will be transformed into a vapor shop and vapor bar.
Expanding its office space at the Brady Sullivan Tower at 1750 Elm St., Maxim HealthCare will now occupy 5,996 s/f of existing space. Brady Sullivan’s turnkey build-out team will also be assisting with this expansion.
Brady Sullivan’s commercial brokerage team is comprised of Charles Panasis, Kelley, and Elizabeth Sachetta.
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.
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.