Newmark arranges $24.5m sale for Kane Co. of 102,059 s/f whse./dist. asset

Portsmouth, NH Newmark arranged the $24.5 million sale of 100 New Hampshire Ave., a brand-new Class A warehouse/distribution asset.

Newmark executive managing director Tyler McGrail represented the seller, The Kane Company, and procured the buyer, Wenberry Associates, LLC. Newmark co-head of U.S. Capital Markets Robert Griffin, along with Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble, senior managing director Samantha Hallowell and associate director Allie Percoco, provided support for the transaction.

100 New Hampshire Ave. was delivered fully pre-leased in September 2025. The 102,059 s/f asset’s two tenants, an HCA Healthcare subsidiary and Georgia-Pacific, utilize the property for mission-critical warehouse/distribution support related to their already-established local footprints.

“100 New Hampshire Ave. is one of the newest industrial buildings along New Hampshire’s Seacoast, where such opportunities are increasingly rare,” said McGrail. “The first-class facility further benefits from expansion potential, creditworthy tenancy and an exceptional location in the region’s most vibrant economic hub.”

100 New Hampshire Ave. is located off I-95 in Pease International Tradeport, a 3,000-acre business park and mixed-use destination. The park hosts a mix of blue-chip employers, state and federal government agencies and an airport with Foreign Trade Zone designation complemented by amenities including retailers, outdoor recreational opportunities and a hotel.

Newmark senior financial analyst Nickolas Revers provided analytical support.