Northern New England

Caron of Stebbins sells 2,016 s/f former pharmacy for $275,000

Goffstown, NH 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.

The Boulos Co. sells 83,322 s/f mixed-use facility for $6 million

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.

Tuscan Village Salem opens phase 2 Memorial Day weekend - including numerous retailers and a beer garden

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.

Landry/French Construction promotes Mitchell to vice president of operations

Scarborough, ME Landry/French Construction has promoted Geoff Mitchell to vice president of operations. Mitchell previously served as director of project management.

Sullo, Goodhue and Silverberg of Roche Realty sell Lakeview Golf Club

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 closes $39.2 million loan for acquisition of of two class A cold storage industrial buildings in Londonderry, NH

Londonderry, NH 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.

Franklin named senior vice president/project executive at Metro Walls

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.

Smith joins TFMoran as office manager for Seacoast division

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.

Vallee, Miller, and Jefferson promoted at North Branch Construction

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.

PropTech is having big impact on commercial real estate

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.