Keene, NH Brady Sullivan Properties is has welcomed three new tenants to the Center at Colony Mill at 149 Emerald St. MJD Hair Salon, Goulet Strength & Fitness, a local gym and training center, and Burlington Labs, a clinical drug testing lab, have leased space for their expanding businesses in the hub of the Monadnock Region.
Brady Sullivan’s in-house commercial team of Charles Panasis, Ben Kelley and James Tobin facilitated the transactions, which totaled 2,918 s/f.
“The Center at Colony Mill continues to see strong leasing activity due to its central location, visibility, and abundance of parking. In just over two years since our acquisition of the property, we’ve seen occupancy surge from about 50% to just over 90%,” said Kelley.
In another transaction, after securing 17,512 s/f in new leases during the first six months as owners of the former RREEF portfolio, Brady Sullivan Properties has carried the momentum into quarter 3. Edward Jones has moved to a new 1,180 s/f office at 410 Amherst St. in Nashua, while KT&T Distributors, provider of industrial supplies, products, and services, has leased a 3,025 s/f unit at 472 Amherst St.
Panasis, Kelley and Tobin facilitated the transactions alongside Thomas Farrelly, Denis Dancoes and Sue Ann Johnson of Cushman & Wakefield, the Nashua portfolio’s exclusive listing broker.
In addition to 410 and 472 Amherst Street, the developer’s newest acquisition in Nashua includes 15 Trafalgar Square and 22 Cotton Road for lease, with 146 Main Street in the Gate City’s Downtown available for sale.
Finally, Brady Sullivan Properties introduced the newest tenants at 2 Commerce Dr. in Bedford. Local medical staffing agency Ready Nurse, and Doucet Survey, one of Northern New England’s largest land surveying firms, will move in to their new offices later this month.
Panasis, Kelley and Tobin facilitated the transactions, which totaled 3,545 s/f.
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.
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.