Marchand Holding Corp. has acquired a 26,000-sf office building in downtown Haverhill for $2.6 million. The property at 60 Merrimack St. is fully leased to Health & Education Services Inc.

Holliday Fenoglio & Fowler arranged $1.61 million in financing for the deal, with Provident Bank providing the fixed-rate, 15-year note. Robert M. Herron of HFF’s Boston office oversaw the transaction. The company, he says, “was able to find a very creative and effective local lender who became comfortable with this property and the capital structure that was proposed to proceed with the loan.”

Adding to the stability of the deal, says Herron, was a complete rehab and expansion of the building in 1995. Haverhill itself has launched an active revitalization program for the downtown area, one that is beginning to yield investment interest in the northern Massachusetts community.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.