 (1).png)
News:
Owners Developers & Managers
Posted: June 1, 2018
Scioto Riverpark purchases 14,400 s/f Exeter Decorating Center at 164 Epping Rd. in Exeter, NH for $1.5 million
Exeter, NH Colliers International handled the sale of 14,400 s/f Exeter Decorating Center building at 164 Epping Rd. David Choate and Laura Farago of Colliers’ Portsmouth office represented the seller, 164 Epping Road, LLC, and assisted the buyer, Scioto Riverpark, LLC of Portsmouth, in this sale-leaseback transaction.
Scioto Riverpark purchased this property as part of a 1031 tax deferred exchange. The current tenant, Exeter Decorating, entered into a multi-year lease.
Ralph Dutton of 164 Epping Road, LLC (and owner of Exeter Decorating) said, “The reason this deal was attractive is two fold. First, it will allow us to use the proceeds to construct our new space and second, it will provide us the opportunity to lease back the space to continue operations during that time.”
According to the Rockingham County Registry of Deeds the purchase price was $1.5 million.
MORE FROM Owners Developers & Managers
Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
Quick Hits
 (1).png)
Columns and Thought Leadership
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
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
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
August Promotion
