New Hampshire

Giri Hotels Acquires 125-Room Hampton Inn in New Hampshire

by Amy Works April 4, 2016

PORTSMOUTH, N.H. — Giri Hotels has acquired Hampton Inn Portsmouth Central located at 99 Durgin Lane in Portsmouth. Mercury Investment Co. sold the 125-room property for an undisclosed sum. The acquisition was financed by Kennebuck Savings, a full-service mutual savings bank. The hotel features complimentary guest breakfast, shuttle service, an indoor pool and whirlpool, sports courts, fitness room, business center and hospitality room. Denny Meikleham and Alan Suzuki of HFF represented the seller in the transaction.

April 4, 2016

Industrial New Hampshire Northeast

CBRE/NE Arranges 132,241 SF Distribution Lease in New Hampshire

by Amy Works March 30, 2016

MERRIMACK, N.H. — CBRE/New England has arranged a long-term lease for 132,241 square feet of distribution space at a manufacturing/distribution facility located at 59 Daniel Webster Highway in Merrimack. Law Warehouse Inc., one of the largest distribution companies in New England, will occupy the space at the 473,990-square-foot facility, which is owned by an affiliate of Hackman Capital Partners. Roger Dieker and Michael Tamposi of CBRE/NE represented the landlord, while Larry Hirsch of Hirsch & Co. represented the tenant in the transaction.

March 30, 2016

Granite-Clover-Self-Storage-Londonderry-NH

New Hampshire Northeast Retail

NAI Norwood Group Brokers $28.8M Sale of Five-Property Self-Storage Portfolio in New Hampshire

by Amy Works March 3, 2016

AMHERST, NASHUA, LONDONDERRY, DERRY AND PEMBROKE, N.H. — NAI Norwood Group has arranged the sale of a five-property Granite Clover Self-Storage portfolio located in Amherst, Nashua, Londonderry, Derry and Pembroke. National Storage Affiliates Trust acquired the assets from multiple entities under the Granite Clover Self-Storage trademark for $28.8 million. The assets total 235,000 rentable square feet with 1,900 self-storage units. Joseph Mendola of NAI Norwood Group represented the seller in the transaction.

March 3, 2016

New Hampshire Northeast Office Retail

Brady Sullivan Brings Five New Tenants to Two New Hampshire Properties

by Amy Works February 16, 2016

KEENE, N.H. — Brady Sullivan Properties has signed leases with five new tenants at its Colony Mill Marketplace and Center at Colony Mill in Keene. Curry Restaurant, Southern NH Services and Bruce Carey Insurance opened a total of 3,600 square feet at Colony Mill Marketplace, while Adecco and Prospect Place joined Center at Colony Mill with a total of 2,500 square feet. Benjamin Kelley and Charles Panasis of Brady Sullivan Properties brokered the transactions.

February 16, 2016

Healthcare New Hampshire Northeast

Elliot Hospital Selects Eckman Construction for Emergency Department Renovation in New Hampshire

by Amy Works February 15, 2016

MANCHESTER, N.H. — Elliot Hospital has selected Bedford, N.H.-based Eckman Construction for the renovation of its emergency department and the creation of a new Rapid Triage and Treatment (RTT) unit in Manchester. The project will include renovation to the check-in, waiting room, and clinical areas to create the new RTT treatment spaces. Boston-based MorrisSwitzer is providing architectural services for the project.

February 15, 2016

New Hampshire Northeast Retail

Linear Retail Properties Acquires Retail Building in New Hampshire for $12M

by Amy Works February 8, 2016

NASHUA, N.H. — Burlington, Mass.-based Linear Retail Properties has acquired a free-standing building located at 235 Daniel Webster Highway in Nashua. The 29,554-square-foot property, which is occupied by Barnes & Noble Bookstore, sold for $12 million. The property is connected to three other Linear Retail centers: Daniel Webster Plaza, Daniel Webster Shops and Daniel Webster Crossing. The name of the seller was not released.

February 8, 2016

Industrial New Hampshire Northeast Top Stories

Calpine Corp. Buys Granite Ridge Energy Center in New Hampshire for $500M

by Nellie Day February 8, 2016

LONDONDERRY, N.H. — Calpine Corp. (NYSE: CPN) has purchased the Granite Ridge Energy Center power plant for $500 million. The natural gas-fired, combined-cycle plant is located at 21 N. Wentworth Ave. in the Southeast New Hampshire town of Londonderry, near the Massachusetts border. The seller was Granite Ridge Holdings. The power plant features two combustion turbines, two heat recovery steam generators and one steam turbine. It began operating in 2003. Granite Ridge has a nameplate generating capacity of 745 megawatts, resulting in a purchase price of approximately $671 per kilowatt. “The addition of Granite Ridge strategically enhances our footprint in New England,” says Thad Hill, Calpine’s president and CEO. “Now with approximately 2,000 megawatts of modern gas-fired capability in the region, Calpine is well positioned to provide clean, flexible and reliable energy and capacity to the market.” Calpine financed the transaction with proceeds from a $550 million first lien term loan, secured in December 2015. Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources. Champion Energy, the company’s wholesale power operations and retail business, serves customers in 20 states and Canada. Calpine’s stock closed at $15.31 on Friday, Feb. 5, down from $22.16 one year …

February 8, 2016

Industrial New Hampshire Northeast Office

Brady Sullivan Properties Acquires Two Multi-Building Portfolios Totaling 775,000 SF in New Hampshire

by Amy Works January 7, 2016

NASHUA, HUDSON, CONCORD AND MANCHESTER, N.H. — Brady Sullivan Properties has acquired two multi-building portfolios totaling 775,000 square feet in New Hampshire. In the first transaction, the company purchased a five-building, 500,000-square-foot office and industrial portfolio in Nashua and Hudson from Chicago-based RREEF Property Trust for $17.5 million. The portfolio includes Birch Pond Office Park, a 73,000-square-foot office building; 22 Cotton Road, a 154,000-square-foot office and R&D facility; 472 Amherst St., a 98,000-square-foot flex building; and 15 Trafalgar Square, a 34,000-square-foot office building, all of which are located in Nashua. The portfolio also includes 5 Wentworth Drive, a 140,000-square-foot medical device facility occupied by Atrium Medical Corp., in Hudson. Tom Farrelly, Denis Dancoes, Sue Ann Johnson and Matt Pullen of Cushman & Wakefield represented the undisclosed seller in the transaction. In the second deal, Brady Sullivan acquired a five-building office portfolio totaling 275,000 square feet for $11.5 million. The portfolio includes One and Two Capital Plaza and Eagle Square in Concord; 146 Main Street in Nashua; and 2 Wall Street in Manchester. Farrelly, Dancoes, Johnson and Pullen of Cushman & Wakefield brokered the transaction. The name of the seller was not released.

January 7, 2016

New Hampshire Northeast Office

Brady Sullivan Properties Signs Two New Office Tenants in New Hampshire

by Amy Works January 4, 2016

BEDFORD, N.H. — Brady Sullivan Properties has arranged the leases for two office tenants at 2 Commerce Drive in Bedford. PeopleNet Communications Group, a subsidiary of Trimble, leased 5,253 square feet of office space, and SnapDragon Associates has leased 2,300 square feet of office in early 2016. Charles Panasis and Benjamin Kelley of Brady Sullivan arranged the transactions. Terms of the leases were not disclosed.

January 4, 2016

New Hampshire Northeast Office

Brady Sullivan Properties Adds Three Buildings to New Hampshire Portfolio

by Amy Works December 24, 2015

MANCHESTER, N.H. — Brady Sullivan Properties, in partnership with the Anagnost Companies, has acquired three mixed-use properties in Manchester for $4.2 million. The properties include 75, 85 and 95 Faltin Drive, which were part of the former Osram Sylvania complex. The three assets offer more than 51,000 square feet of office, warehouse and flex space. Building 1 includes 18,625 of office and warehouse space; building 2 consists of 15,405 square feet of office and warehouse space with loading docks; and building 3 is a 17,605-square-foot warehouse property with 10 loading docks and 16-foot high ceilings. Charles Panasis of Brady Sullivan Properties negotiated the transaction. The name of the seller was not released.

December 24, 2015

Newer Posts

Older Posts