Taylor Saulnier, CCIM of MANSARD completed the sale of a 116,000 s/f warehouse located at 16 Swampscott St. The building was 100% leased to a home textile company that’s been occupying the site since 2009 for nationwide distribution.
strong>Newington, NH Kent White of The Boulos Company represented de Rochemont House LLC in the sale of 100 Shattuck Way for $2.1 million. The property consists of 14,711 s/f of medical/office space on a 1.63 acre lot, all leased by Whole Life Health Care through December 31, 2028.Manchester, NH
Brad Abel, Colliers vice president of real estate management services in New Hampshire, completed the requirements and has been accepted as an official Institute of Real Estate Management (IREM) Instructor. Manchester, NH
Deanna Caron, associate broker at Stebbins Commercial Properties brokered the sale of 749 East Industrial Park Dr. The 23,439 s/f office building was previously owned by The Nackey S. Loeb School of Communications, Inc. Concord, NH
Sanborn, Head & Associates, Inc. (Sanborn Head) has added two senior leaders in the firm’s industrial client service area. Julie Scott, PE and Stefanie Lamb, PG bring extensive technical experience and leadership in environmental consulting to their roles of senior vice president and vice president, respectively.
The Federal Reserve’s decision to raise interest rates again last month by .25%, (25 basis-points) represents the ninth rate hike in 12 months (a ± 425 basis point increase since the start of 2022). While further interest rate increases seem inevitable, they will likely extend the muted theme and velocity of real estate financing for the next quarter, or longer. Plaistow, NH
Fulcrum Associates along with HCA Parkland Medical Center celebrated the groundbreaking for the newest freestanding emergency room on Plaistow Rd. The emergency room will expand local access to emergency care for residents and employees of the region.
Spring is finally here. No crocuses, but the snowbanks have receded to the shady corners of the yard. What portends for commercial real estate? There are still lots of headwinds, primarily rising interest rates. Given how low rates got (and stayed) the current rates are a shocker.
With the spring season upon us and substantial changes continuing to affect commercial real estate on a daily basis, experts in the construction and permitting sectors see marginal relief from the trends experienced since the start of the pandemic. In fact, despite efforts from central banks and governments across the world,
Manchester, NH National HVACR wholesale distributor Johnstone Supply leased 875 Holt Ave., represented by The Boulos Company. The Boulos Company team—Chris Healey from the Manchester office, Caitlin Burke from the Portsmouth office, and Derek Miller from the Portland office collaborated to represent Johnstone with an eye toward additional growth in New Hampshire.