ROCKY HILL, CT - H. Pearce Company Commercial Department closed on 193 East Center Street and 55-63 East Center Street on September 30, 2006. Both properties involved their client Ascella Mortgage.

H. Pearce had an exclusive listing and Neil Riley and Virginia Vinci were the listing agents for 193 East Center Street, Manchester. The seller was Edward A. Baroncini, Jr. and the buyer was Walsh, Merrill & Brousseau. PC – represented by Jeff Keith of Keith Real Estate. The sale price was $342,500. It is a 3,644sf office building on .37 acre of land in preferred business location in center of town.

H. Pearce, Neil Riley and Virginia Vinci, represented the buyer, Ascella Mortgage, for the property on 55-63 East Center Street, Manchester. The seller was BauMax, LLC – represented by Colliers Dow and Condon. The sale price was $1,250,000. The property is a 24,600sf, 3-story office/retail building on 1.13 acres of land in prime location in center of Manchester. Ascella Mortgage, LLC, one of the largest mortgage companies in New England, will be relocating its main office to the 63 East Center Street property. The move, necessitated by its rapid growth, more than doubled its office space, and has further expansion capability.

H. Pearce Commercial Real Estate specializes in Connecticut’s central, south-central, and Shoreline markets, with offices in North Haven and Rocky Hill. Commercial property offerings can be found in color on the web at www.HPearceCommercial.com.