Northern New England
Augusta, ME The Goldman Group has been approved by the city’s Planning Board to redevelop the Olde Federal Building, located at 295 Water St. Built in the late 1800s, this historic government building, which has hosted the city’s court and post office, is listed on the National Register of Historic Places.
Concord, NH Torrington Properties has acquired the Fort Eddy Shopping Center for $30 million. The 175,000 s/f shopping center is fully leased and is the current home of Shaw’s, Books-A-Million, Staples, Eastern Mountain Sports, Five Guys Burgers & Fries, GameStop, H&R Block, Moritomo Japanese Restaurant and more.
Rohrer and Nesmith of Colliers sell 30 Temple St. for $10.7 million - sold by Creg-Temple Street, LLC to a R.J. Finlay & Co. LLC entity
Nashua, NH Colliers has sold 30 Temple St. for $10.7 million. The 119,500 s/f Class-A office building has a diverse tenant mix and was roughly 20% vacant at the time of the sale.
Dover, NH Taylor Saulnier, CCIM, of MANSARD facilitated the $8 million sale of 44 Industrial Park Dr. The 80,000 s/f warehouse is utilized as a distribution facility.
PORTLAND, ME East Brown Cow, a real estate investment, development and management firm has hired Natalie Demler.
Portsmouth, NH Colliers, a global leader in commercial real estate services, has hired Tim Braseth to the Colliers team in Portsmouth, NH and Blake Wright to the Colliers team in Portland, Maine.
Nashua, NH Prolman Realty, Inc. has sold 115 Daniel Webster Hwy. to SANRA, LLC who plans on converting the former Bar Harbor bank branch into a dental practice, according to Mark Prolman.
Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has said that Kathy Davis has recently joined the real estate firm.
New Hampshire Spotlight: Looking ahead into 2023: rising interest rates & CRE sales - by Bill Norton
Well. We all made it through 2022. It was a bit rocky but not too bad. Interest rates are up. Construction cost are still way up. Consequently, existing buildings look cheap (well at least “reasonable” in comparison).