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New Hampshire

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AcquisitionsIndustrialNew HampshireNortheast

Cushman & Wakefield Brokers $69M Sale of New Hampshire Industrial Portfolio

by Taylor Williams

HUDSON, NASHUA AND MANCHESTER, N.H.  — Cushman & Wakefield has brokered the $69 million sale of a portfolio of four southern New Hampshire industrial buildings totaling 593,000 square feet. The properties are specifically located in Hudson, Nashua and Manchester and were 94 percent leased to 18 tenants at the time of sale. Dave Pergola, Brian Doherty, Pete Rogers, Tom Farrelly, Denis Dancoes and Sue Ann Johnson of Cushman & Wakefield represented the seller, Albany Road Real Estate Partners, in the transaction. Tom Sullivan, also with Cushman & Wakefield, arranged acquisition financing on behalf of the buyer, Dallas-based Lincoln Property Co.

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AcquisitionsMultifamilyNew HampshireNortheast

DSF Group Sells Halstead Manchester Apartments in New Hampshire for $164.6M

by Taylor Williams

MANCHESTER, N.H. — An affiliate of Boston-based DSF Group has sold Halstead Manchester, a 640-unit apartment community located in the southern part of The Granite State, for $164.6 million. Originally built between 1981 and 1985, the market-rate property comprises 16 three-story buildings and two single-story amenity buildings on a 41-acre site. According to Apartments.com, Halstead Manchester offers one- and two-bedroom units that range in size from 650 to 1,100 square feet. Biria St. John, Simon Butler and John McLaughlin of CBRE represented DSF Group in the transaction. The buyer was not disclosed.

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AcquisitionsNew HampshireNortheastRetail

RK Centers Acquires Retail Asset in Manchester, New Hampshire, for $13.8M

by Taylor Williams

MANCHESTER, N.H. — Metro Boston-based RK Centers has acquired a 74,935-square-foot retail property in Manchester, located in the southern part of the Granite State, for $13.8 million. The property at 777 S. Willow St. sits on 11.8 acres and houses tenants such as Burlington and Michaels. Justin Smith of Atlantic Capital Partners represented the seller, an entity doing business as South Willow EDF LLC, in the transaction.

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Leasing ActivityNew HampshireNortheastRestaurantRetail

Tuscan Brands Welcomes New Tenants to Flagship Destination in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Tuscan Brands has welcomed new tenants to Tuscan Village, its 170-acre flagship shopping, dining and entertainment destination located north of Boston in Salem, New Hampshire. Nike (15,000 square feet) and Chick-fil-A (5,000 square feet) both recently opened, and Mass General Brigham will open a primary and specialty care medical facility later this summer. The Container Store will launch a 15,000-square-foot store this winter. Other tenants that have committed to Tuscan Village include T-Mobile, Xfinity, Crumbl Cookies, Banfield Pet Hospital, LensCrafters and Bennett’s Sandwich Shop.

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AcquisitionsIndustrialNew HampshireNortheastSelf-Storage

Storage Ventures Acquires 385-Unit Self-Storage Facility in Concord, New Hampshire

by Taylor Williams

CONCORD, N.H. — Storage Ventures, a Connecticut-based self-storage investment and management firm, has acquired a 385-unit facility located along Concord’s Loudon Road corridor. Built in 1988, the six-building complex offers drive-up self-storage space and a rental apartment, as well as outdoor parking for cars, recreational vehicles and boats. The seller and sales price were not disclosed.

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AcquisitionsNew HampshireNortheastRetail

RPT Realty Acquires The Crossings in Portsmouth, New Hampshire, for $104M

by Taylor Williams

PORTSMOUTH, N.H. — New York City-based shopping center REIT RPT Realty (NYSE: RPT) has acquired The Crossings, a 510,000-square-foot retail power center located near the Massachusetts-New Hampshire border in Portsmouth, for $104 million. The open-air center was 95 percent leased at the time of sale, with grocers Trader Joe’s and Aldi anchoring the property. Other major users include Dick’s Sporting Goods, Best Buy, Kohl’s, Five Below, Ulta Beauty, Chipotle Mexican Grill and McDonald’s. The seller was not disclosed.

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AcquisitionsNew HampshireNortheastRetail

Atlantic Capital Partners Negotiates Sale of 39,750 SF Shopping Center in Nashua, New Hampshire

by Taylor Williams

NASHUA, N.H. — Boston-based brokerage firm Atlantic Capital Partners has negotiated the sale of 270 Amherst Street, a 39,750-square-foot shopping center located near the Massachusetts-New Hampshire border in Nashua. Anchored by German discount grocer Aldi, the property was 86 percent leased at the time of sale. Justin Smith, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented the seller, Saxon Partners, and procured the buyer, Linear Retail, in the transaction.

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AcquisitionsMultifamilyNew HampshireNortheast

CBRE Brokers $121.5M Sale of Countryside Village Apartments in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — CBRE has brokered the $121.5 million sale of Countryside Village, a 448-unit apartment community located near the Massachusetts-New Hampshire border in Manchester. The sales price equates to approximately $271,000 per unit. Built in phases between 1986 and 1987, the property comprises 17 three- and four-story residential buildings and a 7,000-square-foot clubhouse. Units come in one-, two- and three-bedroom floor plans, and 20 percent of the residences were recently renovated. According to Apartments.com, amenities include a pool, fitness center, playground, basketball court, grilling stations and onsite laundry facilities. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, an affiliate of Pennsylvania-based Merion Realty Partners, in the transaction. The trio also procured the buyer, an affiliate of Boston-based DSF Group.

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AcquisitionsNew HampshireNortheastRetail

McLaughlin Investments Negotiates $7.8M Sale of Shopping Center in Belmont, New Hampshire

by Taylor Williams

BELMONT, N.H. — McLaughlin Investments has negotiated the $7.8 million sale of Belknap Mall, a 235,000-square-foot shopping center in Belmont, located north of Manchester. Grocer Shaw’s anchors the property with a 38,500-square-foot store. Other tenants include Job Lots, Planet Fitness, Clear Choice Medical Clinic, Jo-Ann Fabric, Verizon Super Cuts and Dunkin’. John McLaughlin of McLaughlin Investments represented the buyer, Vernet Properties LLC, in the transaction. The seller, Belknap Realty, was represented in-house.

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AcquisitionsNew HampshireNortheastRetail

Horvath & Tremblay Negotiates $16.9M Sale of Retail Property in Merrimack, New Hampshire

by Taylor Williams

MERRIMACK, N.H. — Boston-based brokerage firm Horvath & Tremblay has negotiated the $16.9 million sale of an 80,795-square-foot retail property in Merrimack, located near the Massachusetts-New Hampshire border. The three-building property was built on 14 acres in 2018. Altitudes, a trampoline and adventure park, anchors the center, and other tenants include Planet Fitness, Dollar General, Triangle Credit Union and Beer & Wine Nation. Bob Horvath and Todd Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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