Scanlon of Colliers International Sells Flex Building in Londonderry for $2.2M
January 27, 2017
Manchester, January 27, 2017 – Colliers International, a global leader in commercial real estate services, recently sold a 37,171± SF industrial/flex building located at 6 George Avenue in Londonderry, New Hampshire. Dan Scanlon, JD, CCIM of Colliers International’s Manchester office represented the seller, Ohana Atlantic Properties, LLC and assisted the buyer, Wesley Properties, LLC. According to the Hillsborough County Registry of Deeds, the sale price was $2,200,000.
6 George Avenue is the former home to Vulcan Electric, a flexible PC board manufacturer. Strategically located near the Manchester-Boston Regional Airport and situated on 2.94± acres, this high-tech manufacturing building was renovated in 2009. The building consists of 7,000± SF of office space on 2 floors, 7,500± SF of high bay warehouse, and 22,500± SF of flex/manufacturing space.
The buyer is an entity affiliated with Textiles Coated International (TCI), whose main facility is located right next door. TCI has been using additional space at the building it owns at 7 Delta Drive in Londonderry, NH, but needed a larger facility for those functions. According to John Tippett, CEO of TCI, 6 George Avenue will be used for R&D, a laboratory, and warehousing. The 7 Delta Drive property is in the process of being sold.
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Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in New Hampshire, visit Colliers.com/NewHampshire, or follow us on Twitter: @Colliers_NH.
6 George Avenue is the former home to Vulcan Electric, a flexible PC board manufacturer. Strategically located near the Manchester-Boston Regional Airport and situated on 2.94± acres, this high-tech manufacturing building was renovated in 2009. The building consists of 7,000± SF of office space on 2 floors, 7,500± SF of high bay warehouse, and 22,500± SF of flex/manufacturing space.
The buyer is an entity affiliated with Textiles Coated International (TCI), whose main facility is located right next door. TCI has been using additional space at the building it owns at 7 Delta Drive in Londonderry, NH, but needed a larger facility for those functions. According to John Tippett, CEO of TCI, 6 George Avenue will be used for R&D, a laboratory, and warehousing. The 7 Delta Drive property is in the process of being sold.
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About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in New Hampshire, visit Colliers.com/NewHampshire, or follow us on Twitter: @Colliers_NH.
Contact:
Dan Scanlon, JD, CCIM, Senior Advisor
dan.scanlon@colliers.com, (603) 206-9605
