News: Front Section
Posted: February 6, 2014
Thibeault of The Joseph Companys purchases 10 properties for $7 million
Brian Thibeault, owner of The Joseph Companys is the principal of ZJBV Properties LLC, who recently purchased 10 properties in NH. Thibeault continues to grow and diversify his portfolio of income producing property throughout New England. These 10 properties were bought as a long term investment for Thibeault's four children, which the ZJBV represents the first letter of each of their first names.
Scott Walker of Premiere Properties, Inc., a Concord commercial real estate brokerage firm, completed the sale of the 10 investment properties. Walker acted as a disclosed dual agent in the transaction between the seller, Pool B Partners and the buyer.
The 10 properties are located in seven different NH towns and include tenants such as: Fish and Wildlife (GSA); NH Supreme Court; State of NH Human Rights; Sylvan Learning Center; two Sovereign Banks; U. S. Post Offices; a credit union and Heritage Health Care.
The properties are located at:
* 2, 4 and 59 Chenell Dr., Concord;
* 489 Lafayette Rd., Seabrook;
* 105 Loudon Rd., Concord;
* 105 DW Highway, Merrimack;
* 20 Commerce St., Hill;
* 995 Whittier Dr., Moultonboro; and
* 127 Main St, Salem.
Financing was provided by Merrimack County Savings Bank and Meredith Village Savings Bank.
Deeds were recorded in five counties and reflected a purchase price of $7 million. The entire transaction took less than 120 days.
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