Portsmouth, NH According to CBRE | Portsmouth, Lonza Biologics, Inc. has leased 102,400 s/f of warehouse space at 166 Corporate Dr. on the Pease Tradeport.
Lonza is a contract manufacturer of active pharmaceutical ingredients that are produced using their proprietary gene expression system for mammalian cell culture. Lonza works with major biologics and pharmaceutical companies to provide them with the ingredients for their injectable medication.
Lonza’s manufacturing facility at 101 International Dr. has been in operation since 1996 and has 625 employees. Their location at 166 Corporate Dr. will be used as office and warehouse space.
Kent White of CBRE | Portsmouth represented the tenant and Dan Fallon of the Kane Company represented the landlord.
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 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.