New Hampshire

Colliers Arranges $79.7M in Debt, Equity for Multifamily Project in Lebanon, New Hampshire

by Taylor Williams November 22, 2022

LEBANON, N.H. — Colliers has arranged $79.9 million in construction debt and joint venture equity for The Marek at Lebanon, a 250-unit multifamily project that will be located near the Vermont-New Hampshire border. The property will comprise two residential buildings housing one- and two-bedroom units that will be connected by a 10,000-square-foot amenity building, all on a 17.7-acre site. The general contractor is DEW Construction Corp., with design by Market Square Architects and engineering by VHB Inc. A syndicate led by Brookline Bank provided the fixed-rate senior construction loan to the borrower, Massachusetts-based Saxon Partners. Jeff Black, Kevin Phelan, Sean Burke and Bryan Koop of Colliers placed the debt and arranged the joint venture equity partnership with Tritower Financial Group.

November 22, 2022

Development Industrial New Hampshire Northeast

Realterm, MHT Complete 65,000 SF Air Cargo Facility in Manchester, New Hampshire

by Taylor Williams November 22, 2022

MANCHESTER, N.H. — Maryland-based development and investment firm Realterm and the Manchester-Boston Regional Airport (MHT) have completed a 65,000-square-foot, multi-tenant air cargo facility in Manchester, located in the southern part of the Granite State. Amazon Air has launched daily cargo service at the facility, which features three aircraft parking positions with the option to expand to a fourth.

November 22, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Arranges Sale of 166,332 SF Former Sears Building at New Hampshire Mall

by Taylor Williams November 17, 2022

NASHUA, N.H. — Atlantic Capital Partners, a division of Boston-based brokerage firm Atlantic Retail, has arranged the sale of an 166,332-square-foot former Sears building at Pheasant Lane Mall in Nashua, located in the southern part of New Hampshire. The building sits on 12.2 acres. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

November 17, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Arranges Sale of 233,008 SF Former Sears Building in Salem, New Hampshire

by Taylor Williams November 9, 2022

SALEM, N.H. — Boston-based brokerage firm Atlantic Capital Partners has arranged the sale of a 233,008-square-foot retail building formerly occupied by Sears in Salem, located in the southeastern part of the Granite State. The building is situated within the 1 million-square-foot Rockingham Park Mall and currently houses a Cinemark Theatres and a Dick’s Sporting Goods, which have backfilled 53 percent of the space. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller in the transaction. Additional terms of sale were not disclosed.

November 9, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Negotiates $10.7M Sale of Shopping Center in Hooksett, New Hampshire

by Taylor Williams October 18, 2022

HOOKSETT, N.H. — Boston-based brokerage firm Atlantic Capital Partners has negotiated the $10.7 million sale of a 155,820-square-foot shopping center in Hooksett, a northern suburb of Manchester. A 94,500-square-foot space formerly occupied by Kmart anchors the center, and other tenants include Applebee’s, Dollar Tree and New Hampshire Liquor & Wine Outlet. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller, RK Centers, and procured the buyer, Brady Sullivan Properties, in the transaction.

October 18, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Arranges Sale of Former Sears Building in Newington, New Hampshire

by Taylor Williams October 6, 2022

NEWINGTON, N.H. — Boston-based brokerage firm Atlantic Capital Partners has arranged the sale of a 127,058-square-foot retail building formerly occupied by Sears in Newington, located in the southeastern part of the Granite State. The building is situated within Fox Run Mall. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

October 6, 2022

Development Multifamily New Hampshire Northeast Student Housing

Dartmouth College to Develop 128-Unit Residence Hall in Hanover, New Hampshire

by Taylor Williams October 5, 2022

HANOVER, N.H. — Dartmouth College will develop a residence hall for undergraduate students on the north end of the institution’s campus in Hanover. The community will feature 128 apartment-style units with a total of 400 beds. The project is set to include indoor and outdoor common areas, fitness facilities and shuttle service to campus. Further details, including a timeline for construction and potential partnership with a private developer, were not announced.

October 5, 2022

Acquisitions Multifamily New Hampshire Northeast

Brady Sullivan Properties Buys Apartment Complex in Dover, New Hampshire, for $29.1M

by Taylor Williams September 30, 2022

DOVER, N.H. — An affiliate of locally based investment firm Brady Sullivan Properties has purchased White Cliffs at Dover, a 192-unit apartment complex in southern New Hampshire, for $29.1 million. Built between 1983 and 1985, the garden-style property comprises eight three-story buildings that house 24 units apiece. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the undisclosed seller in the transaction. The team also procured Brady Sullivan, which plans to implement a value-add program, as the buyer.

September 30, 2022

Acquisitions Delaware New Hampshire New Jersey Northeast Property Type Retail Top Stories

Copper Property Trust Sells Seven East Coast JCPenney Stores for $65.2M

by John Nelson September 12, 2022

JERSEY CITY, N.J. — Copper Property CTL Pass Through Trust has sold seven JCPenney retail locations on the East Coast in three transactions totaling $65.2 million. The assets include stores in Delaware, Maryland, New Hampshire and Virginia. The buyers were not disclosed. Copper Property is a New York common law trust that was established to acquire 160 retail properties and six warehouse distribution centers from department store chain JCPenney as part of the retailer’s Chapter 11 reorganization plan. The stores are located at the following malls and shopping centers: Christiana Mall in Newark, Del.; The Mall in Columbia in Columbia, Md.; Westfield Annapolis in Annapolis, Md.; Fair Oaks Mall in Fairfax, Va.; Springfield Town Center in Springfield, Va.; Pheasant Lane Mall in Nashua, N.H.; and Dulles Town Centre in Sterling, Va. The assets traded at a blended implied cap rate of 7.28 percent across three all-cash deals. Hilco JCP LLC, an affiliate of Hilco Real Estate LLC and manager of the trust, and an affiliate of Newmark represented the seller in these transactions. “We believe these sales reflect current market conditions and the market’s recognition of the solid performance of JCPenney post-reorganization,” says Neil Aaronson, principal executive officer of the …

September 12, 2022

Acquisitions Hospitality New Hampshire Northeast

JLL Brokers Sale of 102-Room Marriott-Branded Hotel in Portsmouth, New Hampshire

by Taylor Williams September 6, 2022

PORTSMOUTH, N.H. — JLL has brokered the sale of a 102-room Marriott-breanded hotel in Portsmouth, located in the southern coastal part of the Granite State. The Fairfield Inn Portsmouth Seacoast underwent a renovation in 2015-2016 and offers a business center, fitness center, outdoor pool and a sundry store. Alan Suzuki, Matthew Enright, Emily Zhang and Miranda Guajardo of JLL represented the seller, a joint venture between funds managed by Contrarian Capital Management and Waramaug Hospitality, in the transaction. The buyer was not disclosed.

September 6, 2022

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