First Street Acquisitions recently completed an extremely successful multimillion dollar, five-year process to transition a client’s business and real estate holdings. The company is a successful materials and light manufacturing company which occupied 25,000 sf of a company owned 96,000 sf building in Nashua, New Hampshire. The process was staged over time to take advantage of specific tax elements, deal specific rental agreements, and financial considerations of the owner.
The company was transitioned first ahead of the real estate. This allowed for continuity of location, clean transition of management and spreading of the tax liability. Once new management was established the company was moved from the location. The owner then fully rented the building, collected passive income until recently selling it for a significant premium.
First Street is adept at business transitions and sales and has significant expertise in real estate. The firm’s managing directors are licensed real estate professionals in Massachusetts, New Hampshire, and Maine.