Colliers International
80 Merrimack Street - Manchester, NH
Manchester, NH Colliers International sold an 8,302 s/f professional office building at 80 Merrimack St. to Nettle, LLC. Doug Martin and Bob Rohrer of Colliers’ Manchester office represented the seller, Diogenes Realty, LLC, in this sale. Bryan Wright, also of Colliers’ Manchester office, represented the 1031 exchange buyer, Nettle, LLC. This Massachusetts-based entity bought the property to add to its growing New Hampshire presence. According to the Hillsborough County Registry of Deeds the purchase price was $850,000.
Shaheen & Gordon, PA have occupied 80 Merrimack St. since 2010 and plan to remain in the building for six months while they find a new location. The well-maintained stand-alone building was sold with the potential to subdivide the space to accommodate 2 or more users.
Colliers International also leased 12,000 s/f of warehouse space located at 124 Heritage Ave. in Portsmouth, N.H. to Trigger House. David Choate of Colliers’ Portsmouth office represented the lessor, 124 Group, LLC, and assisted the lessee.
Trigger House is an experiential marketing agency based in Portsmouth, and Brooklyn, N.Y. that specializes in designing, building, and producing live experiences for a range of large lifestyle brands.
Colliers International Group Inc. is a global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.