News: Northern New England

Appledore Engineering celebrates 20th anniversary

Construction has begun at Pease International Tradeport on the new corporate facility for the civil engineering firm of Appledore Engineering Inc. (AEI). Sited on five acres at 177 Corporate Dr., the 12,500 s/f office building is one of the first buildings at Pease to integrate sustainable building and site design principles. AEI, which coincidently is celebrating its' 20th anniversary, will relocate to the new facility in July. Working with Team Design Inc. architects and TRB Development Group, AEI's goal is incorporating sustainable building technologies and materials that will reduce energy use, while also providing a work environment that is bright, comfortable and inviting for employees. The project cost is approximately $2.5 million. The use of foam insulated roof panels, thermal pane and low emittance (Low-E) windows, and a state of the art HVAC system - Variable Refrigerant Flow (VRF) - will allow Appledore to develop an energy efficient building that exceeds standards established by the American Society of Heating, Refrigerating, and Air Conditioning Engineers. Other sustainable building materials include carpeting and ceiling tiles, which are easily replaced and recycled, and interior finishes with low volatile organic compound (VOC) content. The centerpiece of this shingle style, cottage inspired building is the main foyer with a 17' fire place and exposed beam cathedral ceiling. Overlooking this area will be an employee exercise loft. Work space for the firm's staff will have 18' cathedral ceilings and large windows around the entire perimeter of the engineering wing, providing an abundance of natural light. A conservatory style conference room will also enhance the use of natural lighting. Building grounds, which overlook wetlands, will incorporate low impact development (LID) technologies, including pervious pavement, a gravel wetland detention area and drought tolerant plantings that do not require an irrigation system. Recognized by CE News as the Best Small Engineering Firm to Work for in the U.S.(under 100 in 2006), and having achieved Hall of Fame status as one of the Best Companies to Work for in New Hampshire by Business NH Magazine, AEI values employee satisfaction and input. "Our new headquarters were designed with employee input - our greatest resource," said AEI vice president, Brad Mezquita. "Our goal was to design a building that felt like a 'home away from home', while meeting the diverse needs of our employees. From a yoga room to showering facilities for our running enthusiasts - to an outdoor patio that all can enjoy - I feel that we've designed a warm, inviting environment for our employees," said Mezquita. Shown (from left) are: Tim Boisvert, TRB Development Group; Brad Mezquita, AEI; Daniel Bisson, TDI Architects; Gregg Mikolaities, AEI President; David Mullen, Pease Development Authority; Kevin Madden, AEI.
MORE FROM Northern New England
Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for