Thursday, April 18, 2024
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New Hampshire

Caro-Tuscan-Village
DevelopmentMultifamilyNew HampshireNortheast

Dolben Co. Completes 260-Unit Multifamily Project at Tuscan Village in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Regional developer The Dolben Co. has completed Caro Tuscan Village, a 260-unit multifamily project in Salem, New Hampshire. The site spans 7.7 acres within Tuscan Village, a mixed-use destination that is a redevelopment of the former Rockingham Park horseracing complex. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, conference room, clubroom and outdoor grilling and dining stations. Boston-based HDS Architecture designed the project, and Pilot Construction served as the general contractor.

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DevelopmentNew HampshireNortheastRetail

Tractor Supply Co. Opens 39,097 SF Store in North Conway, New Hampshire

by Taylor Williams

NORTH CONWAY, N.H. — Tractor Supply Co. has opened a 39,097-square-foot store in North Conway, located near the New Hampshire-Maine border. The facility, which was constructed from the ground up, consists of 19,097 square feet of retail space and 20,000 square feet of fenced outdoor display space. The store is the 21st in New Hampshire for Nashville-based Tractor Supply Co. Conway Development Partners LLC, a division of New England Retail Properties, owns the site.

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AcquisitionsIndustrialNew HampshireNortheast

Newmark Negotiates $39.7M Sale-Leaseback of Industrial Facility in Londonderry, New Hampshire

by Taylor Williams

LONDONDERRY, N.H. — Newmark has negotiated the $39.7 million sale-leaseback of a 224,780-square-foot industrial facility in Londonderry, located outside of Manchester near the New Hampshire-Massachusetts border. The facility was constructed on 17 acres in 2018 for digital printing company EFI and includes both manufacturing and research and development space. Richard Ruggiero and Brian Pinch of Newmark represented EFI in the transaction. The duo also procured the buyer, regional investment firm R.J. Kelly. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark provided additional support on the transaction.

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AcquisitionsNew HampshireNortheastRetail

IPA Arranges $16.6M Sale of Shopping Center in Merrimack, New Hampshire

by Taylor Williams

MERRIMACK, N.H. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $16.6 million sale of Merrimack Village Center, an 82,292-square-foot shopping center located near the Massachusetts-New Hampshire border. Built on 10 acres in 2006, the center was 99 percent leased at the time of sale, with grocer Shaw’s serving as the anchor tenant. Other users include Dental Designs of New England, KT Cleaners, Supercuts and Subway. Jim Koury led the IPA team that represented the buyer and seller, both of which were limited liability companies, in the transaction.

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DevelopmentMultifamilyNew HampshireNortheast

North & South Construction Completes 35-Unit Multifamily Project in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — Developer and general contractor North & South Construction Services has completed Signature on Elm, a 35-unit multifamily project in Manchester, located near the Massachusetts-New Hampshire border. Signature on Elm houses studio, one- and two-bedroom units, with 15 residences being earmarked as workforce housing, as well as 8,000 square feet of retail space. Rents for market-rate units start at $1,500 per month for a studio apartment. North & South developed the project in partnership with the Strafford Economic Development Corp.

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AcquisitionsIndustrialNew HampshireNortheast

Marcus & Millichap Brokers $2.3M Sale of Industrial Flex Property in Bedford, New Hampshire

by Taylor Williams

BEDFORD, N.H. — Marcus & Millichap has brokered the $2.3 million sale of a 21,043-square-foot industrial flex property located in the Southern New Hampshire community of Bedford. The facility was constructed on 3.2 acres in 1987, and the site includes 1.5 acres of undeveloped land for future expansion. Harrison Klein, Ben Scherman and Luigi Lessa of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The facility was fully leased to six tenants at the time of sale.

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Artisan-at-Tuscan-Village
DevelopmentHospitalityNew HampshireNortheast

Tuscan Brands Debuts 165-Room, Marriott-Branded Hotel at Flagship Destination in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Tuscan Brands has debuted a 165-room, Marriott-branded hotel at Tuscan Village, its 170-acre flagship shopping, dining and entertainment destination located north of Boston in Salem, New Hampshire. The Artisan at Tuscan Village features an outdoor pool, fitness facility, business center, sundries market and 12,000 square feet of meeting and event space. Guests of the boutique hotel, which is part of the Marriott International Tribute Portfolio family of brands, also have access to an adjacent full-service restaurant, as well as a rooftop bar and café located off the lobby.

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Leasing ActivityNew HampshireNortheastOffice

Northeast Credit Union to Relocate Headquarters to 100,000 SF Space in Dover, New Hampshire

by Taylor Williams

DOVER, N.H. — Northeast Credit Union will relocate its headquarters from Portsmouth to a 100,000-square-foot office space in Dover, located near the Maine-New Hampshire border. The regional nonprofit lending institution will occupy the entirety of the building at 100 Education Way, which rises four stories and was constructed in 2006, according to LoopNet Inc. Maugel DeStefano is leading the design and build-out of the space. Northeast Credit Union expects its new headquarters to be fully operational by early 2025.

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AcquisitionsNew HampshireNortheastRetail

Colliers Brokers $8.8M Sale of Shopping Center in Durham, New Hampshire

by Taylor Williams

DURHAM, N.H. — Colliers has brokered the $8.8 million sale of Mill Road Plaza, a 53,238-square-foot shopping center in Durham, located near the New Hampshire-Massachusetts border. Grocer Hannaford and Rite Aid serve as the anchor tenants of the two-building, 10.6-acre property. Abigail Bachman and David Choate of Colliers represented the seller, Colonial Durham Associates LP, in the transaction. The buyer was regional investment firm Torrington Properties.

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Leasing ActivityNew HampshireNortheastOffice

Colliers Negotiates 53,664 SF Office Lease Renewal in Newington, New Hampshire

by Taylor Williams

NEWINGTON, N.H. — Colliers has negotiated a 53,664-square-foot, seven-year office lease renewal in Newington, located near the Maine-New Hampshire border. The complex at 100 Arboretum Drive was built in 2004 and spans 127,000 square feet. David Choate and Abigail Bachman, of Colliers represented the tenant, federal benefits administrator FedPoint, in the lease negotiations. Steve Horan represented the landlord, Boston-based Farley White Interests, on an internal basis.

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