Monday, November 25, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New Hampshire

Sansome-Pacific-Retail-Property
AcquisitionsCaliforniaConnecticutHospitalityIllinoisMaineNew HampshireOregonRestaurantRetailWestern

Sansome Pacific Buys Value-Add Retail, Hotel Portfolio for $20.6M

by Amy Works

SAN FRANCISCO — San Francisco-based Sansome Pacific has acquired a value-add portfolio of 10 retail and hospitality properties in California, Oregon, Connecticut, Illinois, Maine and New Hampshire for $20.6 million. The portfolio offers a total of 204,000 square feet. A majority of the properties feature below-market rents and short-term leases. The properties were acquired from a debt fund that buys loans encumbering underperforming mall properties. The two hotel assets, located in California, are 60-key properties. The retail assets include both single-tenant and multi-tenant buildings with lease terms ranging from one to six years along with freestanding pad buildings located near shopping malls. The larger mall assets are in various phase of renovation and will be upgraded in the coming years. Skyline Pacific Properties provided financing for the portfolio.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew HampshireNortheastRetail

Atlantic Capital Partners Brokers Sale of 133,924 SF Retail Center in Portsmouth, New Hampshire

by Taylor Williams

PORTSMOUTH, N.H. — Atlantic Capital Partners has brokered the sale of Durgin Square, a 133,924-square-foot retail center in Portsmouth, located in southern New Hampshire. Durgin Square was originally built in 1995. A 41,980-square-foot Whole Foods Market anchors the center, which was 96 percent leased at the time of sale. Other tenants include T.J. Maxx and HomeGoods. Justin Smith, Scott Black, Sam Koonce, Molly Lynch and Ben Starr of Atlantic Capital Partners represented the seller and buyer in the off-market deal. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew HampshireNortheastSeniors Housing

Covenant Living Agrees to Buy 222-Unit Seniors Housing Community in Keene, New Hampshire

by Taylor Williams

KEENE, N.H. — Covenant Living Communities & Services has agreed to purchase Hillside Village Keene, a seniors housing community located just north of the Massachusetts-New Hampshire border. Covenant is purchasing the community out of bankruptcy in a deal that is scheduled to close in early 2022. Hillside Village opened in 2019 with 141 independent living units, 43 assisted living units, 18 assisted living/memory care units and 20 nursing care suites. The price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNew HampshireNortheast

Dwight Capital Provides $27M Loan for Refinancing of New Hampshire Apartments

by Taylor Williams

BEDFORD, N.H. — New York City-based Dwight Capital has provided a $27 million loan for the refinancing of Bedford Hills Apartments, a 144-unit community located near Manchester in the southern part of the Granite State. Built in 2016, the property comprises four residential buildings and a clubhouse/leasing office on a 13-acre site. Other amenities include a pool and a courtyard with a grilling area. Josh Sasouness of Dwight Capital originated the loan. The borrower was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Village-Shoppes-at-Salem
AcquisitionsNew HampshireNortheastRetail

IPA Negotiates Sale of 170,398 SF Village Shoppes at Salem in New Hampshire

by Taylor Williams

SALEM, N.H. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Village Shoppes at Salem, a 170,398-square-foot retail property located in southern New Hampshire. The property was built on 20 acres in 1999 and houses tenants such as Best Buy, Michaels, PetSmart, DSW, Cost Plus and Five Below. Jim Koury of IPA represented the undisclosed seller and procured the buyer, Academy Hill Realty, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentNew HampshireNortheastOffice

Kane Co. Completes 91,000 SF Office Building in Portsmouth, New Hampshire

by Taylor Williams

PORTSMOUTH, N.H. — Locally based development and investment firm The Kane Co. has completed construction of a 91,000-square-foot office building at 145 Maplewood Ave. in Portsmouth, located in the southern coastal part of the Granite State. New Hampshire-based firm PROCON handled design and construction of the project, which includes ground-floor retail space. Tenants include Heinemann Publishing, Steward Partners and Sentient Decision Science.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew HampshireNortheastSeniors Housing

Edgewood Senior Solutions Breaks Ground on 190-Unit Project in Londonderry, New Hampshire

by Taylor Williams

LONDONDERRY, N.H. — Massachusetts-based Edgewood Senior Solutions Group has broken ground on The Baldwin, a 190-unit continuing care retirement community (CCRC) in Londonderry, approximately 45 miles northwest of Boston. Designed by DiMella Shaffer, The Baldwin will offer amenities such as an indoor pool, fitness center, art studio and gallery, library and a woodworking shop. Construction is scheduled for a summer 2023 completion.  

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew HampshireNortheastRetail

Torrington Properties Acquires 102,000 SF Newington Park Shopping Center in New Hampshire

by Taylor Williams

NEWINGTON, N.H. — Torrington Properties, an investment firm with offices in Boston and Durham, New Hampshire, has acquired the 102,000-square-foot Newington Park Shopping Center. The property is located in the southern coastal part of the Granite State and sold for $13.3 million. The seller, Urstadt Biddle Properties Inc., had owned the 15-acre center since 1979. Torrington Properties purchased the asset in partnership with regional development and investment firm The Mount Vernon Co.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityNew HampshireNortheast

Empire Moulding & Millwork Signs 217,000 SF Industrial Lease in Amherst, New Hampshire

by Taylor Williams

AMHERST, N.H. — Empire Moulding & Millwork, a division of Novo Building Products, has signed a 217,000-square-foot industrial lease in Amherst, located outside of Nashua in the southern part of the Granite State. The facility is expected to open in the fourth quarter and to employ at least 70 people. Novo Building Products is a Michigan-based manufacturer and distributor of stair parts, mouldings, doors and specialty millwork, along with a variety of board products.

Continue Reading
FacebookTwitterLinkedinEmail
Walmart-Bass-Pro-Shops-Hooksett-New-Hampshire
AcquisitionsNew HampshireNortheastRetail

Horvath & Tremblay Negotiates $14.9M Sale of Retail Property in Hooksett, New Hampshire

by Taylor Williams

HOOKSETT, N.H. — Horvath & Tremblay, an investment sales brokerage firm serving New England, has negotiated the $14.9 million sale of a two-unit retail condo in Hooksett, located just outside Manchester in Merrimack County. The property consists of a 153,430-square-foot building that was built on 25.2 acres in 2007 and is now occupied by Walmart and a 139,790-square-foot building that was constructed on 17 acres in 2008. The original occupant of the smaller of the two buildings, Lowe’s Home Improvement, has subleased the space to Bass Pro Shops since 2013. Bob Horvath of Horvath & Tremblay represented the buyer and seller, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts