News: Northern New England
Posted: August 5, 2016
Caron of Stebbins Commercial leases 50,730 s/f to Eagle Express
Shown (from left) are: Mike Reed, Stebbins Commercial; Joe McQuaid, publisher of Union Leader; Deanna Caron, Stebbins Commercial; Jon Bartlett, president of Eagle; and Richard Danais, Danais RealtyManchester, NH Deanna Caron, associate broker, Stebbins Commercial Properties has leased 50,730 s/f of warehouse space at 100 William Loeb Dr.
Eagle Warehousing and Distribution, LLC and Eagle Express, LLC, a full service logistics and trucking company, offers local and coast to coast trucking capabilities.
Jon Bartlett, president, said, “We are excited to start working with our new space at 100 William Loeb Dr. We started out with 15,000 s/f on Gold St. in 2010 and quickly grew to our current locations on Holt Ave. and now 100 William Loeb Dr.”
A five year lease was signed. Caron represented the landlord, The Union Leader Corporation and Richard Danais of Danais Realty represented the tenant.
Tags:
Northern New England
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
Columns and Thought Leadership
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 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
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.
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