SALEM, N.H. — Simon Property Group has welcomed five new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Women’s apparel retailer LOFT has already opened at the property, while Kendra Scott and OFFLINE by Aerie will open this fall. Caffe Nero and Five Below are expected to open this summer.
KEENE, N.H. AND GRAND RAPIDS, MICH. — C&S Wholesale Grocers, a New Hampshire-based food supplier whose brands include Piggly Wiggly and Grand Union, has agreed to acquire Michigan-based SpartanNash (NASDAQ: SPTN), owner of brands such as Our Family and Full Circle Market, in a merger valued at nearly $1.8 billion. The figure represents a purchase price of $26.90 per share of SpartanNash common stock in cash and includes the assumption of SpartanNash’s existing debt. The price marks a 52.5 percent premium over the company’s closing price of $17.64 per share on June 20 and a premium of 42 percent over the company’s 30-day volume-weighted average stock price as of that date. The merger, which has been unanimously approved by both companies’ boards of directors, is expected to close before the end of the year. Upon closing, the new company will operate more than 200 corporate-run grocery stores and almost 60 complementary distribution centers throughout the country. The distribution centers will supply more than 10,000 independent retail locations. “For our customers, this transaction creates the necessary scale, efficiency and purchasing power needed to enable independent retailers to compete more effectively with larger big box chains,” says Tony Sarsam, president and CEO …
MANCHESTER, N.H. — Colliers has brokered the $3.7 million sale of a 3,366-square-foot restaurant building in Manchester, located near the Massachusetts-New Hampshire border. The newly constructed building is net leased to quick-service franchise Raising Cane’s and features a double drive-thru. Bob Rohrer of Colliers represented the seller, Tatro Road Realty, in the transaction. The buyer was a limited liability company.
HAMPTON, N.H. — Regional brokerage firm The Stubblebine Co. has arranged the $31.5 million sale of Appleton Oaks, a 113-unit apartment complex in Hampton, located near the Maine-New Hampshire border. The two-building complex was constructed in phases between 2004 and 2005. Specific information on floor plans and amenities was not disclosed. David Berman, James Stubblebine, David Stubblebine and Zack Hardy of The Stubblebine Co. represented the undisclosed seller in the transaction and procured the buyer, Seabrook Real Estate Partners.
SALEM, N.H. — Three new retailers will join the tenant roster at Tuscan Village, a 170-acre mixed-use development in Salem that is a redevelopment of the former Rockingham Park horseracing complex. Grocer Whole Foods Market, eyewear provider Warby Parker and ice cream maker Salt & Straw will all open new stores at Tuscan Village in 2025. Square footages of spaces were not disclosed.
ROCHESTER, N.H. — Colliers has brokered the sale of a 30,000-square-foot office building in Rochester, located along the Maine-New Hampshire border. According to LoopNet Inc., the three-story building at 40 Winter St. was originally constructed in 1974. David Choate and Abigail Bachman of Colliers represented the seller in the off-market transaction. The buyer was an entity doing business as The Red Brick Realty LLC, which is also a tenant in the building.
MERRIMACK, N.H. — CBRE has brokered the sale of Slate at Merrimack, a 224-unit apartment complex located near the Massachusetts-New Hampshire border. Built in 2023, the property houses one- and two-bedroom units with an average size of 943 square feet. Amenities include a pool, fitness center, coworking café and outdoor grilling and dining areas. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, LeCesse Development Corp., in the transaction. The team also procured the undisclosed buyer.
MANCHESTER, N.H. — Metro Boston-based investment firm The Grossman Cos. has acquired South Willow Shops, a 9,869-square-foot retail strip center in Manchester, located near the Massachusetts-New Hampshire border. Built in 1988, the center is home to tenants such as Hannoush Jewelers, Mattress Firm and Chipotle Mexican Grill. The seller was Linear Retail Properties. Bob Horvath of Horvath & Tremblay brokered the deal.
NASHUA, N.H. — Las Vegas-based gaming operator ECL Entertainment has opened the 130,000-square-foot Nash Casino in Nashua, located near the Massachusetts-New Hampshire border, according to reports from local publications such as The Boston Globe and Sentinel & Enterprise. The Globe reports that the Nash Casino is housed within the former Sears building at Pheasant Lane Mall and features 1,000 gaming machines, three restaurants, two additional bars and a four-bay Topgolf Swing Suite simulator. Project partners included general contractor Dimeo Construction Co., architect Perkins Eastman, FEA Consulting Engineers and Wayne J. Griffin Electric.
NASHUA, N.H. — STAG Industrial (NYSE: STG), a Boston-based REIT, has sold a 337,391-square-foot property in Nashua, located near the Massachusetts-New Hampshire border, for $67 million. The sales price represents a cap rate of 4.9 percent. According to LoopNet Inc., the single-story building at 80 Northwest Blvd. was originally constructed on 23 acres in 1999. Building features include clear heights of 28 to 32 feet, a total of 33 loading docks, one drive-in door and 125-foot truck court depths. STAG Industrial acquired the property in 2014 for $11.7 million. The buyer was not disclosed.
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