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206,000-SF Office/Warehouse Goes for $15M

PORTSMOUTH, NH-Winstanley Enterprises is purchasing 100% leased 72 Pease Blvd. from iStar Financial in an all-cash deal.

By Ryan Clark | Updated on October 20, 2009

PORTSMOUTH, NH-Winstanley Enterprises, a real estate investment firm, is purchasing 72 Pease Blvd. here for $15 million in an all-cash deal. The 100% leased building is part of the 500,000-square-foot office and industrial park Pease International Tradeport. The building holds the distinction as the second-largest single occupant building in the tradeport.

The deal was brokered by CB Richard Ellis/New England, which represented the seller iStar Financial and procured the buyer. The 206,000-square-foot building sits on the 23-acre community with a full occupany leased by Celestica Incorporated. The lease runs until 2015, along with roughly 75,000 square feet subleased of the warehouse space to Kittery Trading Post.

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