Northern New England

June 2024 NH CIBOR president’s message: Mid-year review - by Ethan Ash

We are already past the halfway point of 2024 so I thought it best to give a quick recap of the first half of the year. The number of commercial transactions and volume is very comparable to last year. This is for both sales and leases with the number of transactions being up on both but within

Provost and Donahue of Donahue & Associates LLC sell 24,192 s/f office located at 302 Mountain View Dr. for $3.7 million

Colchester, VT Mike Provost and Steve Donahue of Donahue & Associates LLC completed the sale of 302 Mountain View Dr., a 24,192 s/f commercial office building, for $3.7 million. The sellers were represented by Donahue and the buyers were represented by Provost.

CP Management launches leasing at
The Residences at Hadley Falls

Goffstown, NH CP Management celebrated the grand opening of The Residences at Hadley Falls at 15 Factory St. This new multifamily apartment community consists of 99 apartments in three buildings. Two are new construction, one is a renovated mill building

Anderson of Malone and Lamontagne and Plourde of Dunham sell 4,091 s/f to Noble Pizzeria & Barbecue

Portland, ME Malone Commercial Brokers (MCB) negotiated the sale of 476 Stevens Ave. to Ryan Carey, founder of Noble Barbecue. Mike Anderson of MCB, Justin Lamontagne and Bryan Plourde of The Dunham Group brokered the transaction.

Choate and Bachman of Colliers sell 44,232 s/f
manufacturing/warehouse/distribution building for $5 million

Dover, NH Colliers negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million according to the Strafford County Registry of Deeds.

Foster of Boulos and Baumann of Compass lease 3,018 s/f to EA Fitness

Portland, ME EA Fitness & Performance is relocating to 56 Northport Dr. The new 3,018 s/f space more than doubles the footprint for the personal training studio. Evan Amell started EA Fitness in 2019.

Daniels and Blais of BHHS Verani sell 11-building portfolio for $7.25 million

Concord, NH Berkshire Hathaway HomeServices Verani Realty’s commercial division brokered the sale of 91 units in Concord, Manchester, Wake?eld and North Conway, for $7.25 million on March 12th. The portfolio of properties was sold

Tanguay of SVN Masiello Group sells 22,890 s/f industrial building for $3.5 million

Derry, NH Dave Tanguay a senior advisor of SVN The Masiello Group commercial division, organized a 22,890 s/f industrial sale of 6 A St. for $3.5 million. The building has three tenants in place and will be the home of the buyer

Abel promoted to partner at Colliers New Hampshire office

Manchester, NH Colliers has promoted Brad Abel to partner in its New Hampshire office.  Abel has been with the company since 2003 and currently serves as the vice president of Colliers’ New Hampshire real estate management services

O’Connor of Boulos expands Portland Pottery location

Portland, ME Portland Pottery has expanded at 49 Fox St.  Karen DiCenso and her business partner, Jennifer Martini, took over the business from Lisa Bonarrigo and Chris Bruni in January of 2023. In March 2024, they leased the 1,750 s/f space that was formerly Taproot Market, and then