SALEM, N.H. — JLL has brokered the $7.7 million sale of three industrial buildings totaling roughly 55,000 square feet in Salem, located near the Massachusetts-New Hampshire border. The shallow-bay buildings, which were all fully leased at the time of sale, feature clear heights of 17 to 20 feet, tailboard and drive-in loading doors and approximately 15 percent office space in each building. Tommy Hovey, Michael Restivo and David Coffman of JLL represented the undisclosed seller in the transaction. The buyer was an entity doing business as JBCM LLC.
PORTSMOUTH, N.H. — JLL has arranged a $96.8 million construction loan for Prescott Post, a 360-unit multifamily project that will be located in the southern New Hampshire city of Portsmouth. The site spans 26 acres, about 10 percent of which will be preserved as green communal space. Prescott Post will feature three- and four-story residential buildings that will house a mix of unit types. Amenities will include multiple clubrooms, coworking spaces, an indoor/outdoor fitness suite with a yoga studio, outdoor kitchens, fire pits and a dog run with a pet washing station. Brett Paulsrud, Andrew Gray and Hugh Doherty of JLL arranged the loan through Truist Bank on behalf of the developers, a partnership between Boston-based Eastern Real Estate and The Kane Co. Completion is slated for late 2027.
MOUNT SUNAPEE, N.H. — Hideaway Inns has debuted its 55-room flagship property in Mount Sunapee, a ski resort town located near the Vermont-New Hampshire border. Hideaway Inn Mount Sunapee is located at the base of the mountain and offers amenities such as a library, gaming area, a putting green, coffee bar and a coworking space. Revival Hotels manages the property. Two additional Hideaway Inn properties are currently under development in Mount Snow, Vt., and Sugar Hill, N.H.
AUBURN, N.H. — Colliers has brokered the sale of a 20,780-square-foot industrial building in Auburn, located near the Massachusetts-New Hampshire border. The building sits on a 4.8-acre site within Wellington Business Park that can support future expansion. Abigail Bachman and Laura Nesmith of Colliers represented the buyer, an affiliate of product development company IPSUMM Inc., in the transaction. Denis Dancoes III, Thomas Farrelly and Sue Ann Johnson of Cushman & Wakefield represented the seller, Analog Devices Inc.
MANCHESTER, N.H. — Colliers has brokered the $3.4 million sale of a portfolio of three multifamily buildings totaling 21 apartments in Manchester, located near the Massachusetts-New Hampshire border. The portfolio offers one-, two- and three-bedroom units, as well as one commercial space, and was fully occupied at the time of sale. Andrew Robbins of Colliers represented the seller, Select Capital LLC, in the transaction and procured the buyer, White Barn Real Estate LLC.
CONCORD, N.H. — National brokerage firm CrownPoint Partners has negotiated the $7.5 million sale of a 65,868-square-foot, single-tenant retail building in Concord. Grocer Shaw’s has occupied the building since its original construction on a 10.6-acre site in 2001. Julius Swolsky and Shannon Bona of CrownPoint, in association with ParaSell Inc., represented the seller, an affiliate of New Jersey-based investment firm ARCTRUST, in the transaction. Horvath & Tremblay represented the buyer, a Massachusetts-based private investor.
LONDONDERRY, N.H. — Intelligent Manufacturing Solutions (IMS) has signed an 86,954-square-foot office lease in Londonderry, located near the Massachusetts-New Hampshire border. The circuit board assembler is relocating and expanding from 645 Harvey Road to 12 Innovation Way, a 233,839-square-foot building. Rich Ruggiero, Brian Pinch and Tyler McGrail represented the landlord, regional investment firm R.J. Kelly, in the lease negotiations.
DERRY, N.H. — Newmark has provided a $143.1 million Fannie Mae loan for the refinancing of The Fairways, an 849-unit apartment community in Derry, located outside of Manchester near the Massachusetts-New Hampshire border. Built on 108 acres in 1984, the garden-style property features two-, three- and four-story buildings. Units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, great room, tennis courts, playground and a dog park. Ed Belz led the Newmark team that originated the financing on behalf of the owner, Makor Capital. The debt was structured with an early rate lock on a 10-year term with full-term, interest-only payments and a 35-year amortization schedule.
Newmark Provides $143.1M Agency Loan for Refinancing of Multifamily Property in Derry, New Hampshire
DERRY, N.H. — Newmark has provided a $143.1 million Fannie Mae loan for the refinancing of The Fairways, an 849-unit multifamily property in Derry, about 50 miles north of Boston. The garden-style property was built in 1984 and features a mix of two-, three- and four-story buildings across a 108-acre site. Units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, sauna, tennis courts, playground, dog park and a great room. Ed Belz of Newmark originated the financing on behalf of the owner, Makor Capital.
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.
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