REBusinessOnline

Southern New Hampshire Posts Lowest Retail Vacancy Since 2008

Retail inventory in Southern New Hampshire totaled 29.8 million square feet in 2017, a modest decline of 59,400 square feet, or 0.2 percent, largely due to retail demolitions and conversions to non-retail space, including auto dealerships, office, and residential. Some former retailer spaces that have been demolished include the 17,800-square-foot Grenon Trading Co. in Bedford, the 10,700-square-foot New Hampshire Liquor & Wine Outlet in Salem, and the 8,400-square-foot Weathervane …

Southern New Hampshire Industrial Overview

With a statewide unemployment rate of 2.7 percent, New Hampshire has one of the lowest unemployment rates in the nation, and is well below the national unemployment rate of 4.4 percent. The New Hampshire labor market has continued to tighten, with unemployment having dropped 0.2 percentage points since third quarter of last year. Employment gains have not been seen in two traditionally industrial sectors: trade, transportation & utilities or manufacturing. Employment in these sectors has …

NorthMarq Capital Arranges $1.7M in Refinancing for Multifamily Property in New Hampshire

MANCHESTER, N.H. — NorthMarq Capital has arranged $1.7 million in refinancing for a multifamily property located on Pine Street in Manchester. Edward Riekstins and Michael Chase of NorthMarq’s Boston regional office secured the long-term, fixed-rate financing for the undisclosed borrower. Provided by a regional bank, the financing features a flexible prepayment structure.

NKF Negotiates $27.1M Sale of Retail Portfolio in New Hampshire

WEST LEBANON, N.H. — NKF Capital Markets has arranged the sale of The Windalier Portfolio, a retail portfolio located in West Lebanon. The Davis Companies acquired the portfolio from Dead River Properties for $27.1 million. Totaling 230,035 square feet, the portfolio comprises Kmart Plaza, Miracle Mile Shopping Center and North Country Plaza, all of which are located along or near Route 12A. At the time of sale, the portfolio was 96 percent occupied. Kmart, TJMaxx and Jo-Ann Fabric and Craft …

KeyBank Provides $99.8M in Financing for Northeast Seniors Housing Portfolio

NEW HAMPSHIRE, VERMONT AND RHODE ISLAND — KeyBank Real Estate Capital has provided a total of $99.8 million in FHA financing for a six-property seniors housing portfolio located across New Hampshire, Vermont and Rhode Island. The skilled nursing facilities total 664 beds and were built between 1972 and 2007. The properties are Ridgewood Center - Bedford in Bedford, N.H.; Mountain Ridge Center in Franklin, N.H.; Keene Center in Keene, N.H.; Harris Hill Center in Concord, Vt.; Mountain View …

Cushman & Wakefield Brokers $6.6M Sale of 98,595 SF Flex Building in Nashua, New Hampshire

NASHUA, N.H. — Cushman & Wakefield has arranged the sale of a flex building located at 472 Amherst St. in Nashua. BSP Cotton Road LLC, an entity related to Brady Sullivan Properties, sold the property to Pinnacle Properties for $6.6 million. Situated on 7.7 acres, the two-building property totals 98,595 square feet and is leased to multiple tenants. Tom Farrelly, Sue Ann Johnson and Denis Dances of Cushman & Wakefield, in collaboration with Charles Panasis, Ben Kelley and James Tobin of Brady …

Dartmouth-Hitchcock Opens 30,000 SF Skilled Nursing Facility in New Hampshire

LEBANON, N.H. — Dartmouth-Hitchcock and E4H Environments for Health Architecture have opened the new Jack Byrne Center for Palliative & Hospice Care, a 30,000-square-foot skilled nursing and hospice facility. The property is located within the Dartmouth-Hitchcock Medical Center campus in Lebanon, located near the Vermont border. The new facility features 12 single-occupancy patient rooms that offer a home-like setting. The Jack Byrne Center will also serve as an educational and training …

NorthMarq Capital Arranges $4.1M in Refinancing for Multifamily Property in New Hampshire

HUDSON, N.H. — NorthMarq Capital has arranged $4.1 million in refinancing for a multifamily property located in Hudson. The financing features a 10-year term on a 25-year amortization schedule. Mark Whelan of NorthMarq secured the financing through a regional bank for the undisclosed borrower. The multifamily property features 36 apartment

Valencia Realty Capital Arranges $13M Acquisition Financing for Assisted Living Community in New Hampshire

RYE, N.H. — Valencia Realty Capital has arranged $13 million in financing for the $11 million acquisition of an assisted living community located at 295 Lafayette Road in Rye. The borrower and buyer is Murfreesboro, Tenn.-based National Health Investors Inc. The financing has a total capitalization of $13 million composed of a $10 million senior debt facility coupled with $3 million of equity. Built in 2013, the 40-unit assisted living community is devoted to individuals with memory …

Chatham Lodging Purchases 131-Room Hilton Garden Inn in Portsmouth, New Hampshire

PORTSMOUTH, N.H. — Chatham Lodging Trust has acquired Hilton Garden Inn Portsmouth Downtown for $43.5 million, or $332,000 per room. Located at 100 High St. in Portsmouth, the 131-room hotel opened in 2006 and recently underwent a full renovation. Island Hospitality Management will manage the hotel. The name of the seller was not released.

subscribe


Conferences