MANCHESTER, N.H. — Marcus & Millichap has brokered the $3.9 million sale of a 56,000-square-foot civic building in Manchester. The building at 470 Pine St. was originally constructed in 1924 as a mill and is now home to three educational institutions. Luigi Lessa and Mattias Edenkrans of Marcus & Millichap represented the seller, an entity doing business as TAD LLC, in the transaction and procured the buyer, private investor Mike Mita. Thomas Shihadeh of Marcus & Millichap helped close the deal as the broker of record.
DOVER, N.H. — A partnership between Boston-based developer Cathartes and the City of Dover, located near the Maine-New Hampshire border, has completed a multifamily project and public park in the city’s waterfront district., The Truette is a 220-unit apartment complex that features studio, one-, two- and three-bedroom units, as well as 2,200-square-foot townhomes. Amenities include a rooftop terrace, coworking spaces, fitness areas and pet-friendly facilities, as well as an onsite restaurant. The 3.5-acre Nebi Park features art installations and a 2,300-square-foot pavilion and green space for public events.
PORTSMOUTH, N.H. — Lee & Associates has arranged $5.5 million in financing for an 11,000-square-foot retail strip center in Portsmouth, located near the Maine-New Hampshire border. The building at 1303 Woodbury Ave. previously housed a Rite-Aid, and the undisclosed borrower plans to redevelop the building into a medical office facility. Dave Carswell and Ryan Fitzpatrick of Lee & Associates arranged the debt through First Tech Federal Credit Union. The duo originated the financing in conjunction with a $5 million acquisition loan for a retail strip center in Rumford, Rhode Island.
NASHUA, N.H. — Colliers has brokered the $6.8 million sale of a 45,650-square-foot industrial flex building in Nashua, located near the Massachusetts-New Hampshire border. According to LoopNet Inc., the building at 4 Bud Way was completed in 1978 and offers a clear height of 16 feet and four exterior dock doors. Andrew Robbins of Colliers represented the seller, Kelley Family Properties, in the transaction. Tyler Ewing of Hunneman represented the buyer, Sticks Investment Group.
DURHAM, N.H. — Gilbane is nearing completion of a 70,500-square-foot civic project at the University of New Hampshire, located in Durham near the Maine border. Designed by Stantec, the building will house the Center of Excellence for Operational Ocean and Great Lakes Mapping, as well as the John Olson Advanced Manufacturing Center, and will support research, applied training and technical assistance within those industries. A beam-signing ceremony took place in mid-July, and the facility is expected to be fully complete next fall.
NASHUA, N.H. — Lansing Melbourne Group, a North Carolina-based owner-operator, has recapitalized The Flats on High Street, a 156-unit multifamily property in the southern New Hampshire city of Nashua, via an equity investment from a subsidiary of Dallas-based Leon Capital Group. The amount was not disclosed, but Leon Capital provided the funds in conjunction with another equity investment in a student housing property in Binghamton. Combined, the two equity investments roughly $19 million. The Flats on High Street is located in the city’s downtown area and offers studio, one- and two-bedroom floor plans. Amenities include outdoor grilling areas, a pet spa, resident lounge, outdoor gaming area and a business center.
CONCORD, N.H. — JLL has negotiated the sale of the 32-room Centennial Hotel in Concord. Located in the state capital’s downtown area, the historic building was constructed in 1898 and converted to a boutique hotel in 1996. Amenities include a fitness center, business center, continental breakfast service, an onsite restaurant and bar and 1,785 square feet of meeting and event space. Alan Suzuki of JLL represented the seller, Sparta Properties, in the transaction. The buyer was Lord Hotels.
SALEM, N.H. — Four new tenants have signed leases at Tuscan Village, a 170-acre mixed-use development in Salem, approximately 30 miles north of Boston, that is a redevelopment of the former Rockingham Park horseracing complex. The new tenants are Whole Foods Market, wellness and recovery studio SWTHZ, gift and lifestyle boutique Festa Studio and fashion brand Free People. Tentative opening dates were not announced.
DOVER, N.H. — JLL has arranged a $20.3 million HUD-insured loan for the refinancing of Spring Village at Dover, a seniors housing facility in southern New Hampshire. Built in 2019, Spring Village at Dover offers memory care services that specifically support residents with Alzheimer’s disease and other forms of dementia. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Sam Dylag of JLL originated the financing through HUD’s 232/223(f) program. The borrower was not disclosed.
NASHUA, N.H. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $22.5 million sale of a 44,538-square-foot retail building in Nashua, located in southern New Hampshire, that is leased to Whole Foods Market. Opened in late 2024, the grocery store is located within a larger shopping center known as Webster Square that is also home to tenants such as TJ Maxx, Michaels, Dollar Tree, Five Below, Ulta Beauty and Guitar Center. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.
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