Lincoln Property Firm, a Manchester-based actual property funding and property administration firm, has acquired a four-building industrial portfolio totaling roughly 593,000 sq. ft for $69 million. The properties –
5 Wentworth Drive in Hudson, 22 Cotton Rd. in Nashua, 1050 Perimeter Rd. in Manchester and 645 Harvey Rd. in Manchester – are 94 % leased to 18 tenants, in accordance with Cushman & Wakefield’s Dave Pergola, Brian Doherty, Pete Rogers, Tom Farrelly, Denis Dancoes, who represented the vendor, Albany Street Actual Property Companions, within the transaction. Tom Sullivan, additionally of Cushman & Wakefield, organized the financing.
Pergola stated that, “with quite a few upgrades just lately accomplished and powerful occupancy historical past, the portfolio gives traders with a secure money move and various hire roll. The demand for industrial property within the Northeast market is extremely excessive with comparatively no provide of accessible product.”
Andrew Cushing of Grafton has joined the employees of the NH Preservation Allianceas group preservation providers supervisor, offering help to native officers and property house owners who’re working to avoid wasting, reuse or revitalize historic properties. Cushing beforehand has labored with the NH Bureau of Historic Websites, the place he oversaw a portfolio of two dozen properties within the State Park system and he additionally labored for 3 years, from 2017 to 2020, on the Preservation Alliance in one other position. As well as, he has labored for the Preservation Firm, the Land and Neighborhood Heritage Funding Program, Maine Preservation and Preservation Timber Framing.
The regulation agency of Shaheen & Gordon has leased 7,000 sq. ft of workplace house at 191 Important St. in downtown Nashua, in accordance with Mark Prolman of Prolman Realty Inc., who represented the lessor, Parsons Ventures, and assisted the agency. The 12,000-square-foot constructing was previously occupied for a few years by Financial institution of New Hampshire and subsequently TD Financial institution. It can bear intensive inside buildout and exterior enhancements, bringing the constructing and preliminary home windows again to their authentic architectural design, stated Rob Parsons, proprietor of Parsons Ventures. Renovations are being accomplished by Northpoint Building.
Six Badger Peabody & Smith gross sales brokers have obtained their Vermont licenses: Jason Cape, Jane Swett, Zach Hawkins, Steve Gorman, Doug Caulfield and Fran Matott. Cape, Swett, Hawkins and Matott all work out of the agency’s Littleton workplace. Gorman and Caulfield work out of the Franconia workplace.
Fellowship Housing Alternatives has introduced that its first annual 5K Dwelling Runwill happen on Saturday, Nov. 5, at Rollins Park in Harmony. Registration will begin at 9 a.m. and the race will start at 10. Individuals can run or stroll the 5K course. The nonprofits mission is to offer high-quality inexpensive housing and client-centered behavioral well being providers to people with psychological sickness. It operates a licensed group residence in downtown Harmony with 24 hour staffing, and 6 impartial dwelling house buildings in larger downtown Harmony with backed and unsubsidized items serving over 60 residents.
North Department Building, Harmony, just lately accomplished a 22,000-square-foot inside demolition and workplace fit-up renovation for Neighborhood Bridges at its new location at 162 Pembroke Rd., Harmony. Along with a brand new web site drainage system, sidewalks with a car parking zone growth, and landscaping, inside work included demolition of current house, insulation, roofing, flooring, portray, and intensive upgrades to the present hearth safety system, mechanical and electrical methods. Upgrades to inside finishes had been additionally accomplished.