Higgins Armory Museum Selects CBRE/New England to Market Historic Building and Property
HIGGINS ARMORY MUSEUM SELECTS CBRE/NEW ENGLAND
TO MARKET HISTORIC BUILDING AND PROPERTY
WORCESTER, Mass. (March 3, 2014)– The Higgins Armory Museum today announces it has selected real estate firm CBRE/New England (CBRE/NE) to handle the sale of the historic building and the accompanying land. The building was officially placed on the market as of today, March 3, 2014, which means CBRE/NE is now soliciting proposals from prospective buyers.
“After interviewing and receiving proposals from several area realtors, we have selected CBRE/New England based on their proposed marketing plan and knowledge of the market,” says Suzanne Maas, Higgins’ interim director. “CBRE/NE’s extensive experience across the country, region, and also within Worcester, gives us the confidence that this property will be marketed in the most efficient and effective manner possible.”
“We are pleased to bring The Higgins Armory Museum to market,” noted CBRE/NE Senior Vice President/Partner Bob McGuire. “100 Barber Avenue is a unique and well-located asset in the city of Worcester that evokes a number of reuse options, which will appeal to an array of investors.”
Representatives from Boston-based CBRE/New England will work on Higgins’ behalf to collect proposals which best address the museum’s five key considerations (in no order of priority): reuse of existing building; financial return; honoring historic features of the building; enhancement to the surrounding community; and most immediate transaction.
Prospective buyers can find more information about the Higgins Armory Museum listing on CBRE/NE’s website at www.cbre-ne.com.
About Higgins Armory Museum
The Higgins Armory Museum officially closed to the public on December 31, 2013. During its 83-year history, the museum housed what is considered to be one of the greatest collections of arms and armor in the United States. The core collection, which comprises approximately 2,000 pieces, is being integrated into the Worcester Art Museum for the continued enjoyment of future generations.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.