Deanna Caron of Stebbins Commercial Properties LLC has brokered the sale of 39 Main St. for $275,000. The 2,016 s/f former Howes Pharmacy building was sold to Richard Thomas who is located at 20 Main St. and will be moving to the new location this summer.Portland, ME
The Boulos Company negotiated three sales transactions totalling over 93,800 s/f and over 50 acres. Ironsides Sports Center, LLC purchased a 83,322 s/f multi-tenanted mixed-use building located on 24 acres at 15 Lund Rd. Salem, NH
A number of retailers and a beer garden will open their doors in the next several weeks: L.L. Bean, Smuttynose, Ulta Beauty, Williams Sonoma, Tuscan Market, Cooking School, Old Navy, Drive Custom Fit and more, accompanied with a grand opening Memorial Day weekend.Scarborough, ME
Landry/French Construction has promoted Geoff Mitchell to vice president of operations. Mitchell previously served as director of project management.Belmont, NH
The nine-hole Lakeview Golf Club located at 89 Ladd Hill Rd. has transferred to a new owner. Joseph Sullo, John Goodhue, and Alan Silverberg of Roche Realty Group, Inc. represented the owner in the golf club’s sale, Sperandio Trust.
RMR Mortgage Trust (RMRM) closed a $39.2 million first mortgage floating-rate bridge loan financing the acquisition of two class A cold storage industrial buildings located at 6 Rockingham Rd. and 219 Rockingham Rd.Manchester, NH
Michael Franklin has joined Metro Walls as senior vice president/project executive. In this role, Franklin will be responsible for the day-to-day operations of Metro’s project managers on all framing and drywall projects.Portsmouth, NH
Cheryl Smith has joined TFMoran as office manager for the Seacoast division. Smith has an Associate of Science degree in Applied Plant Science from the University of New Hampshire in Durham.Concord, NH
North Branch Construction has promoted three field employees. Gregg Vallee, with North Branch since 2014, has been promoted from master carpenter to assistant superintendent.
I have heard that we are in the early stages of a new industrial revolution that is being driven by big data. Access to this data is powering major advances in science and medicine. Known as PropTech in our real estate world, big data is having an impact on commercial real estate brokerage, investment, financing, development and site selection.