NASHUA, NH— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a retail property located at 166 Daniel Webster Highway in Nashua, New Hampshire. Matthews™ First Vice President and Associate Director Daniel Gonzalez and Associate Nikolai Novak represented the buyer in the $8,800,000 transaction.

 

Originally developed by the seller, the 44,000-square-foot retail property was brought to market after a 20+ year hold. Initially listed at $10,000,000 with a local firm, the asset had remained available for more than two years with limited activity.

 

Leveraging proprietary technology and a national database, the Matthews™ agents generated three off-market offers and ultimately sourced a private client from Massachusetts seeking a large-scale retail investment. The transaction closed 12% below the initial asking price, allowing the seller to successfully exit the asset and the buyer to acquire the property at a competitive basis for long-term ownership.

 

“This transaction highlights the power of our technology and national reach in unlocking value for clients,” Novak said. “By expanding the buyer pool beyond localized efforts, we were able to bring qualified, out-of-state interest to a long-stagnant listing and secure a favorable outcome for both parties, even in challenging market conditions.”

 

For more information, please contact Nikolai Novak and Daniel Gonzalez or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.