Category: Northern New England

Industrial market for Northern New England - by Bill Pastuszek

Industrial market for Northern New England - by Bill Pastuszek

September 2, 2022
Industrial markets – which include warehousing, manufacturing logistics, etc. – continue to hold a dear place in the hearts and minds of investors. COVID sparked a boom in industrial real estate across the country and released an incredible amount of pent-up demand in New England.
North Branch Construction completes 22,000 s/f for Community Bridges

North Branch Construction completes 22,000 s/f for Community Bridges

September 2, 2022
Concord, NH North Branch Construction completed a 22,000 s/f interior demolition and office fit-up renovation for Community Bridges at their new location at 162 Pembroke Rd. In addition to a new site drainage system, sidewalks with a parking lot expansion, and landscaping, interior work included demolition of existing space, insulation, roofing
Prolman Realty leases 7,000 s/f to Shaheen & Gordon P.A. at 191 Main St.

Prolman Realty leases 7,000 s/f to Shaheen & Gordon P.A. at 191 Main St.

September 2, 2022
Nashua, NH Prolman Realty, Inc. leased 7,000 s/f of office space to Shaheen & Gordon P.A. at 191 Main St., according to Mark Prolman who represented the lessor, Parsons Ventures, and assisted the tenant. The 12,000 s/f building was formerly occupied for many years by Bank of New Hampshire and subsequently TD Bank. The building
Peck of Horvath & Tremblay arranges $5.6 million sale of 31 units

Peck of Horvath & Tremblay arranges $5.6 million sale of 31 units

September 2, 2022
Manchester, NH William Peck of Horvath & Tremblay has arranged the sale of 31 units located at 54 and 96 Mechanic St. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.6 million. The sale represents a 6.07% cap rate and a per unit price of $180,645.
St. John, Butler and McLaughlin of CBRE sell Halstead Manchester for $164.6 million - a 640-unit market-rate apartment community

St. John, Butler and McLaughlin of CBRE sell Halstead Manchester for $164.6 million - a 640-unit mar...

September 2, 2022
Manchester, NH DSF has sold Halstead Manchester, a 640-unit market-rate apartment community located at 22A Country Club Dr. for $164.6 million. CBRE Capital Markets’ multi-housing experts Biria St. John, Simon Butler and John McLaughlin exclusively represented an affiliate of The DSF Group.
Landry/French Construction celebrates Casco Bay<br> Ferry Terminal ribbon-cutting on August 16<sup>th</sup>

Landry/French Construction celebrates Casco Bay
Ferry Terminal ribbon-cutting on August 16t...

September 2, 2022
Scarborough, ME Landry/French Construction joined the Casco Bay Island Transit District (CBITD) at the official ribbon-cutting ceremony of the Casco Bay Ferry Terminal renovations on August 16th. CBITD was joined by senator Susan Collins, the deputy regional administrator of the Federal Transit Administration
PBC Environmental nears completion of demolition and environmental abatement at former Mercy Hospital

PBC Environmental nears completion of demolition and environmental abatement at former Mercy Hospita...

August 12, 2022
Portland, ME Since March 2022, PBC Environmental (PBCE), demolition and environmental abatement contractor and consultancy, has taken down the ambulatory wing of the former Mercy Hospital at 144 State St., which included the emergency building. To do so, that section needed to be surgically separated from the 1940s historic structure remaining
North Branch Construction completes $6.5 million Bagdad Wood Senior Apartments

North Branch Construction completes $6.5 million Bagdad Wood Senior Apartments

August 5, 2022
Durham, NH North Branch Construction has completed construction at Bagdad Wood Senior Apartments. The $6.5 million, 29,188 s/f project included a new three-story addition, providing an additional 26 senior housing apartments, site improvements, significant
HREC Investment Advisors arranges sale of DoubleTree and Tru hotels in Portland

HREC Investment Advisors arranges sale of DoubleTree and Tru hotels in Portland

August 5, 2022
Portland, ME HREC Investment Advisors has arranged the sale of the 220-unit DoubleTree Hotel and the 98-room Tru by Hilton Hotel located in the The Maine Mall market of the city. The DoubleTree was purchased by Vaneastland, LLC in 2009 and underwent a complete exterior and interior
Smith, Koonce and Van Gelder of Atlantic Capital Partners<br> handle sale of 777 South Willow St. for $13.825 million

Smith, Koonce and Van Gelder of Atlantic Capital Partners
handle sale of 777 South Willow St. fo...

August 5, 2022
Manchester, NH Atlantic Capital Partners has sold 777 South Willow St., a retail asset located off of I-293 near I-93. Justin Smith, head of capital markets; Sam Koonce, associate; and Cole Van Gelder, analyst oversaw the transaction which had Atlantic Capital Partners exclusively representing both
Manchester’s The Factory on Willow wins PLAN NH Merit Award of Excellence

Manchester’s The Factory on Willow wins PLAN NH Merit Award of Excellence

August 5, 2022
Manchester, NH Liz Hitchcock, owner of The Factory on Willow, and her project team received a Merit Award of Excellence from PLAN NH in recognition of having positively impacted the surrounding community through good planning, design, and development.
Hersch of Tinkham Realty negotiates 11,297 s/f sale of Stratham Tire site

Hersch of Tinkham Realty negotiates 11,297 s/f sale of Stratham Tire site

August 5, 2022
Laconia, NH Tinkham Realty completed the sale of 125 Water St. The site is the former Stratham Tire retail center consisting of 6,297 s/f retail building and a 5,000 s/f storage/warehouse building all situated