Northern New England

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for

Patriot Holdings retains The Boulos Co. to lease 40,000 s/f new high-bay industrial/flex facility in Somersworth, NH

Somersworth, NH Patriot Holdings has delivered another exciting real estate development as the private equity real estate firm expands its presence in New England. In Somersworth, a three-building industrial park is now available for lease and for sale. This industrial/flex facility has the potential for units starting at 1,600 s/f with a potential

Northern New England plugs along even with high costs of construction - by Bill Norton

So far it has been a beautiful late summer. Of course, we still have the election ahead! The economy and commercial real estate, seem to be rolling along. Employees are being called back to work in the office, some three days a week, some four and some five. Perhaps up to 70-80% of the pre-COVID level. Office user tenants want less space and lower rents. This is hard to achieve as expenses go up,

Marsolini named chief strategic officer at DECCO, Inc.

Nashua, NH Don Marsolini transitioned from the role of chief financial officer (CFO) to the newly created chief strategic officer (CSO) at DECCO, Inc. With his leadership skills and a strategic vision, Marsolini is poised to help DECCO deliver on its strategic vision as they explore new horizons afforded to them under the Comfort Systems

October 2024 New Hampshire CIBOR president’s message - by Ethan Ash

Starting last month, NECPE.com, the website that allows its members to market commercial listings for lease and for sale anywhere in New England, moved to a new and updated platform. This is still powered by Catalyst but now includes some added benefits from the Moody’s CRE partnership. For those who don’t know, Moody’s is a ratings organization

TAYLOR awarded contract for
50,000 s/f Tesla dealership

Londonderry, NH TAYLOR has been awarded the construction contract for the first Tesla dealership and service center in New Hampshire. TAYLOR is teaming with a national developer and Base4 Architects and Engineers, for the new construction of a 50,000 s/f location at 36 Industrial Dr.

Landry/French Construction acquires Florida-based MH Williams Construction Group

Scarborough, ME Landry/French Construction has acquired MH Williams Construction Group, a Melbourne, Fla.-based construction firm, established in 1987. Having served Brevard County for over 37 years, MH Williams will continue under the leadership

Olson and Bartley of Nordlund
broker two leases - 31,670 s/f

Exeter, NH Kevin Olson and Rick Bartley of Nordlund Associates, Inc. negotiated a lease of 17 Industrial Dr., a 17,740 s/f building that is situated on 1.5 acres to Sig Sauer Inc. Jeff Chierepko, vice president, facilities management, SIG SAUER, Inc

Stebbins of Boulos and Harrington of Malone lease 1,616 s/f to Zinn Wealth Mgmt.

Portland, ME Zinn Wealth Management leased Suite A at 62 India St. The newly constructed 1,616 s/f space is on street level and features a conference room, private offices, open workspace, and more. Floor-to-ceiling windows complement the modern design and offer

Ricketts and Raspuzzi of North Branch Construction graduate from ABC NH/VT Future Leaders in Construction program

Concord, NH According to North Branch Construction, project superintendent Chris Ricketts and project manager Bronson Raspuzzi have graduated from the Associated Builders and Contractors (ABC) NH/VT Chapter’s Future Leaders in Construction program.