 (1).png)
News:
Owners Developers & Managers
Posted: December 15, 2023
Marcus & Millichap sells New Hampshire industrial property for $2.275 million
Bedford, NH Marcus & Millichap has completed the sale of 30 Harvey Rd. The property sold for $2.275 million.
“We received tremendous interest on this property from local New Hampshire buyers as well as Boston-based capital,” said Harrison Klein, first vice president of investments. “For a variety of reasons, Southern New Hampshire is one of the hottest markets we operate in,” Klein said.
Klein, Ben Scherman, and Luigi Lessa, investment specialists in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both local private investors. This is the third industrial sale in New Hampshire completed by The Klein Group of Marcus & Millichap in the past 12 months.
Built in 1987, these industrial office warehouses are on the Manchester, N.H. border, two miles from Rte. 3. The property, spanning a 3.17-acre parcel, is fully occupied by six tenants and includes 1.45 acres of undeveloped land.
MORE FROM Owners Developers & Managers
Healey-Driscoll Administration seeks developer to transform former 72-acre school into 288+ home neighborhood
Lancaster, MA According to the Healey-Driscoll Administration, the Division of Capital Asset Management and Maintenance (DCAMM) has released a Request for Proposals seeking a developer to transform the 72-acre former Lancaster Industrial School for Girls property into a new, walkable neighborhood with at least 288 homes.
Quick Hits
 (1).png)
Columns and Thought Leadership
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul
Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
September Promotion
