Bedford, NH On behalf of Sullivan Construction, CBRE/New England finalized the completion of 262 South River Rd., a 22,500 s/f medical and professional building. The two-story professional building provides sustainable amenities, such as electric car charging stations, energy-efficient lighting and HVAC systems.
Sullivan Construction was one of New Hampshire’s first companies to achieve LEED Office Platinum USGBC certification. With over 46 years of design-build expertise, the firm is committed to providing green/sustainable solutions and energy efficiency that benefit the environment and its clients in all of their projects.
262 South River Road offers 4,500-11,350 s/f of office and medical space available for lease on the first floor. Ameriprise Financial Services/Rise Private Wealth Management occupies the entire second floor.
“262 South River Rd. will suit Rise Private Wealth Management’s needs,” said Tom Sullivan, owner of Sullivan Construction, with regards to the building’s first tenant. “The move into brand-new space allows for more efficiencies in the day-to-day culture and workflow. The building, which is a traditional New England exterior, has modern amenities through Rise Private Wealth Management’s space. With our latest building, tenants will be certain to gain the benefits of a well-positioned address in order to serve their clients for many years to come.”
CBRE/NE’s Roger Dieker, Michael Tamposi and Chris Healey are leading the leasing efforts at 262 South River Rd. on behalf of Sullivan Construction.
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.