Nashua, NH Prolman Realty, Inc. completed the sale of 31 Will St. to Will Street, LLC. According to Mark Prolman who represented the buyer, “the 11,148 s/f facility situated on 2.7 acres was acquired to locate Gate City Electric as their corporate headquarters.”
Neal Barrett who represented the seller, Pennichuck Water Works, Inc. unfortunately passed away unexpectedly, and will be missed by the Nashua community. According to the Registry of Deeds the selling price was $1.01 million.
In another transaction, Prolman Realty completed the lease of 74 Northeastern Blvd. unit 9 & 10 consisting of 3,600 s/f of office space at the Northbridge Business Center to Recovering Life Services, LLC.
According to Prolman and Lisa Ferrari who represented the lessor, the space will be utilized for counseling and medical services.
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.
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.