News: Northern New England
Posted: April 1, 2016
Brady Sullivan welcomes two new tenants to Center at Colony Mill
Center at Colony Mill - Keene, NHKeene, NH After gaining two tenants earlier in 2016, a long-time Keene Landmark is experiencing increased growth with the addition of two new tenants. Owned and managed by Brady Sullivan Properties, the Center at Colony Mill is welcoming New Hampshire Employment Security and the New Hampshire Department of Education.
“The Center at Colony Mill has seen continued growth with long-term, quality tenants that are helping to restore this location to its original landmark status in the city of Keene,” said Charles Panasis, director of commercial real estate at Brady Sullivan Properties.
New Hampshire Employment Security has already established its location at the Center at Colony Mill, and is currently occupying 4,910 s/f. They have committed to a 10-year lease. The New Hampshire Department of Education has also signed a 10-year lease and will occupy 3,536 s/f. Brady Sullivan’s turnkey design and construction team is currently working with the state office to customize the space to fit their unique needs.
These two new tenants bring the occupancy of this Keene location to 87%, a significant increase since it was purchased by the Manchester-based real estate development company two years ago. Since Brady Sullivan Properties took ownership of the Center at Colony Mill and the Colony Mill Marketplace, the company has invested close to $1 million in improvements, which includes new sidewalks, granite curbing, parking lot, and new signage.
Panasis was instrumental in brokering these new deals, with support from the commercial leasing team of Benjamin Kelley and James Tobin.
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