Northern New England

Greater Boston Commercial Properties arranges sale of 27,250 s/f property for $4.5m

Londonderry, NH James Keefe of Greater Boston Commercial Properties, Inc. represented the seller, Stahoo Properties, in the sale of 54 Wentworth Ave. for $4.5 million. The 27,250 s/f industrial/flex property is home to Richfield, Ohio-based Mobility Works, a leading provider of mobility solutions that maintains the largest inventory in the nation of wheelchair accessible vehicles.

Norton Asset Management and Harrington & Company represent seller in $1.28 million sale

Hooksett, NH Norton Asset Management and Harrington & Company have completed the sale of 200 Technology Dr. located off Exit 10, I-93. 200 Technology Dr. is a single story, 8,500 s/f, former medical office building previously occupied by NH Oncology & Hematology.

Evernorth and MHIC to redevelop Yellow Barn Business Accelerator with $11.4m in NMTC funding

Hardwick, VT Evernorth Rural Ventures (Evernorth) and Massachusetts Housing Investment Corporation (MHIC) have closed on an $11.4 million in New Markets Tax Credit (NMTC) allocation for the redevelopment of the iconic “Yellow Barn.” The NMTC funding supports the construction of a new 25,137 s/f food business accelerator building and the adaptive reuse of the vacant, historic 4,762 s/f yellow dairy barn for use as a retail shop, collectively called the Yellow Barn Business Accelerator.

The Boulos Company arranges 10,000 s/f warehouse lease for Venture Solar

Biddeford, ME Venture Solar leased 19 Pomerleau St. from MEC Realty, Inc. The company will use the 10,000 s/f industrial facility for their office and warehouse needs. The Boulos Companys’ Noah Stebbins represented the landlord and Claire Richardson represented the tenant.

The Boulos Company brokers sale between PBMC and Knox Center LLC

Rockland, ME Pen Bay Medical Center (PBMC) has completed the sale of the Knox Center and the Bok Building to Knox Center LLC, a locally-based company. Knox Center, located at 6 White St., houses a long-term nursing care facility. The Bok Building currently is home to the PBMC walk-in care practice as well as primary care offices and the hospital’s human resources offices.

Bartley and Triglione of Nordlund Associates
complete $5 million sale of 22.4 acres

Epping, NH Rick Bartley and Anthony Triglione of Nordlund Associates represented the buyer, IBEW 104 – OSHE in the purchase of 22.4 acres on Fresh River Rd., from 101 Investments, LLC and listed by the Boulos Company. The pad-ready site was permitted to construct a 107,000 s/f industrial facility although the buyer intends to phase into the property and construct a smaller 15,000 s/f building.

Metro Walls named a 2023 Top 50 Contractor

Manchester, NH Metro Walls has been recognized as a “2023 Top 50 Contractor” by Walls & Ceilings magazine. This list is comprised of companies nationwide that lead the industry in workmanship, employee culture, safety and more. Metro Walls’ is honored to be acknowledged for their commitment to excellence and included among the most distinguished contractors in the nation. 

JLL assists Sendero and Angelo Gordon
in 82,000 s/f acquisition

Exeter, NH JLL Capital Markets (JLL) has arranged the acquisition of 1 Hampton Rd., a medical office campus comprised of two buildings totaling 82,000 s/f. JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition.

Nesmith of Colliers graduates from 2023 leadership program

Manchester, NH Colliers senior associate, Laura Nesmith, has graduated from the 2023 Leadership Greater Manchester program. This nine-month program is designed to stimulate and develop future leaders through direct exposure, interaction, and activities in various aspects of the community, with the goal of building a consensus among participants and fostering personal and professional relationships.

It’s not just interest rates - by Bill Pastuszek

August is a time when those on school calendars are getting ready and those who aren’t are on vacation, or wished they were. If at work, the idea is to be there, looking busy, perhaps, but not necessarily present. It’s the shadow weeks of the end of summer. Weird weather summer. In New England, a bucket of rain couldn’t be had last summer.