59 Daniel Webster Highway - Merrimack, NHMerrimack, NH According to CBRE/New England, a new long-term lease has been signed with Law Warehouse, Inc., one of the largest distribution companies in New England, for 132,241 s/f at 59 Daniel Webster Highway.
CBRE/NE’s Roger Dieker and Michael Tamposi represented the landlord, an affiliate of Hackman Capital Partners. Larry Hirsch of Hirsch & Company represented the tenant.
“We’re thrilled to add Law Warehouse to our roster of prestigious New England tenants, and we appreciate the efforts of our CBRE/New England brokers who represented us in the transaction,” said Michael Hackman, founder and CEO of Hackman Capital. An affiliate of Hackman Capital owns this property, along with 24 other industrial buildings, totaling more than 7.95 million s/f in the Northeast alone (Mass., Conn., N.H., Penn. and N.Y.).
59 Daniel Webster Highway is a 473,990 s/f, first-class manufacturing/distribution facility.
The former Nashua Corp. Headquarters now serves as southern New Hampshire’s premier high-bay distribution center. The site is strategically located in the Economic Revitalization Zone on Daniel Webster Highway and is accessible via Exit 10 off the F.E. Everett Turnpike.
“The demand for high-bay warehouse continues to be strong in the New Hampshire market, yet availability of this type of space is limited. It comes as no surprise that 59 Daniel Webster Highway offered the best solution for Law Warehouse,” said Tamposi.
“The building is well maintained, has great appeal with its high-bay warehouse space, competitive lease rate and proximity to major highways.”
Founded in 1986 and headquartered in Los Angeles, Hackman Capital is a privately held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, 270 facilities throughout the United States, totaling approximately 25 million s/f and more than 10,000 acres of developable land. With 30 years of experience in acquisition, redevelopment, and asset management, Hackman Capital is known across marketplaces for its ability to successfully navigate complex transactions and financial restructurings involving real estate and equipment. The company also has offices regional offices in Boston, Massachusetts and Columbus, Ohio. For more information, visit http://www.hackmancapital.com.
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. CBRE Group, Inc., 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 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers 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.
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