Marcus & Millichap Inc.
07/29/2026 | Press release | Archived content
Marcus & Millichap Arranges Sale of Multi-Tenant Building in Manchester, New Hampshire
Press Releases
Marcus & Millichap Arranges Sale of Multi-Tenant Building in Manchester, New Hampshire
July 29, 2026
LinkedIn Email App
MANCHESTER, N.H., July 29, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 470 Pine St., a multi-tenant building in downtown Manchester, New Hampshire. The asset sold for $3.9 million.
"By exposing this opportunity to investors across the country, we were able to identify an out-of-state group that outperformed the local New Hampshire market," said Luigi Lessa, director investments in Marcus & Millichap's Boston office. "70 Pine St. is a prime example of the out-of-state capital targeting New Hampshire to capitalize on one of the strongest rent growth and absorption markets in New England."
Lessa and Mattias Edenkrans of Marcus & Millichap, in association with Thomas Shihadeh, the firm's broker of record in New Hampshire, exclusively marketed the property on behalf of the seller, TAD, LLC, and procured the buyer, Mike Mita.
The 56,000-square-foot, three-story building sits on a 0.76-acre lot. Built in 1924, the brick building served as a mill before being converted into a school. It is fully occupied by three educational institutions. Tenants include Kreiva Academy Public Charter School, Southern New Hampshire University and the International Institute of New England, a nonprofit organization providing education and support to immigrant and refugee communities.
The property is adjacent to Pulaski Park, within walking distance of restaurants, retailers and housing in downtown Manchester, and offers direct access to Interstate-293, U.S. Route 3 and nearby bus stops.
"By exposing this opportunity to investors across the country, we were able to identify an out-of-state group that outperformed the local New Hampshire market," said Luigi Lessa, director investments in Marcus & Millichap's Boston office. "70 Pine St. is a prime example of the out-of-state capital targeting New Hampshire to capitalize on one of the strongest rent growth and absorption markets in New England."
Lessa and Mattias Edenkrans of Marcus & Millichap, in association with Thomas Shihadeh, the firm's broker of record in New Hampshire, exclusively marketed the property on behalf of the seller, TAD, LLC, and procured the buyer, Mike Mita.
The 56,000-square-foot, three-story building sits on a 0.76-acre lot. Built in 1924, the brick building served as a mill before being converted into a school. It is fully occupied by three educational institutions. Tenants include Kreiva Academy Public Charter School, Southern New Hampshire University and the International Institute of New England, a nonprofit organization providing education and support to immigrant and refugee communities.
The property is adjacent to Pulaski Park, within walking distance of restaurants, retailers and housing in downtown Manchester, and offers direct access to Interstate-293, U.S. Route 3 and nearby bus stops.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on July 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 03, 2026 at 17:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]