Northern New England

MEREDA to celebrate 37-year anniversary on Nov. 3rd

Portland, ME The year is 1985. Larry Bird and the Boston Celtics compete in the NBA finals, President Ronald Reagan visits the city of Bitburg in West Germany, Tears for Fears tops the Billboard Charts, and the Maine Real Estate and Development Association forms at the Cumberland Club. Now MEREDA gets to celebrate its anniversary–after postponing the 35th anniversary celebration in 2020

NH CIBOR president’s message: key economic data & news from Sept. - by Scott Forte

The NAIOP CRE Sentiment Index for September 2022 is 47, down from April’s reading of 53. It is at the lowest level since September 2020. This reading suggests that respondents expect conditions for commercial real estate to deteriorate over the next 12 months.

Property of the Month: Kelley Family Properties' entity, JP Irving, LLC, sells 65,520 s/f 6 Loudon Rd. to Sarnia Seacoast, LLC for $10.5 million

Concord, NH JP Irving, LLC, an entity of Kelley Family Properties, has sold 6 Loudon Rd., a 65,520 s/f office building. The building was acquired by Sarnia Seacoast, LLC. Ethan Cole of North Atlantic Commercial Real Estate Investments, LLC

Healey of The Boulos Company sells 100,450 s/f industrial/flex for $14.9 million to Foxfield, LLC

Salem, NH Chris Healey of The Boulos Company represented Foxfield, LLC in the off-market purchase of 21 Northwestern Dr. for $14.9 million. The 100,450 s/f industrial/flex property has 15.26 acres

Reed of Stebbins brokers $2.801m sale of development site

Bedford, NH Mike Reed, president of Stebbins Commercial Properties LLC brokered the sale of a 23-acre development site on Old Bedford Rd. from The Roman Catholic Bishop of Manchester

Ferrari of Prolman Realty brokers $350,000 sale

Nashua, NH Prolman Realty, Inc. brokered the sale of 74 Northeastern Blvd. Units 13 & 14 to Sirra Holdings, LLC. Lisa Ferrari, who represented Tescelani Holdings, LLC (seller) said, “The 4,800 s/f office condominium

Porta & Co. negotiates two leases - 5,648 s/f

Brunswick, ME Paper Crane Acupuncture and Wellness, LLC leased 1,648 s/f of retail space from The Tontine Mall located at 149 Maine St. Tim Millett of Porta & Co. brokered the transaction.

Peck, Kelleher, and Pentore of Horvath & Tremblay sell 42-unit Rosewood Apartments for $10.4m

Salem, NH William Peck, Dennis Kelleher, and John Pentore of Horvath & Tremblay have completed the sale of the Rosewood Apartments, a 42-unit apartment complex located at 1-7 Meisner Circle. The asset sold for $10.4 million

DECCO, Inc. offers new critical equipment handling services

Nashua, NH DECCO, Inc. introduced its newest service at the ISPE Boston Product Show. DECCO’s new critical equipment handling services group offers professional rigging services of vital equipment.

Farley and Bacon of SVN Masiello broker $6.6 million sale of 75 acres

Hudson, NH Matt Bacon and Cassandra Farley of SVN Masiello Commercial completed the $6.6 million sale of 161 Lowell Rd. to Lowell Road Property Owner DE, LLC. The buyer was represented by David Stubblebine, principal