News: Northern New England

Overdeput of Grubb & Ellis|Coldstream leases 2,451 s/f at Ananda Professional Building

Grubb & Ellis|Coldstream Real Estate Advisors, Inc. has leased 2,451 s/f of office space at the Ananda Professional Building, a Class A office building located at 25 Pelham Rd. to United Training, Inc. United Training, Inc. is a consortium of independently owned and operated information technology training centers from around North America. The company entered into a multi-year lease agreement and plans on moving into its new suite in the fourth quarter of 2009. Hugo Overdeput, CCIM, of Grubb & Ellis|Coldstream's Bedford office, represented the landlord, ARUN Real Estate Leasing, LLC, and assisted the tenant. Despite the economy and sluggish office market in New Hampshire, Overdeput has managed to broker lease transactions at the Ananda Professional Building totalling over 42,000 s/f bringing the building's occupancy rate to a little over 67%.
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Project of the Month: Timberline Construction Corp. delivers advanced veterinary facility for Ethos Port City in Portsmouth, NH

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