Dieker of CB Richard Ellis - N.E. Partners, LP completes 12,000 s/f lease for New Hampshire Bindery
On behalf of Bow Asset Management Services, CB Richard Ellis - N.E. Partners, LP (CBRE/NE) completed a new lease at 13 Dow Rd. New Hampshire Bindery, a bookbinder, will now occupy 12,000 s/f at 13 Dow Rd.
CBRE/NE's Roger Dieker, vice president in the firm's Manchester office, represented landlord Bow Asset Management Services.
"We are pleased that this industrial space has been leased by such a well-known and respected company," said Christine Sassenberg of Bow Asset Management Services. "We look forward to a long-term relationship with New Hampshire Bindery."
"We are very excited to continue the art of making good books at our new location," said Tom Ives, president and CEO of New Hampshire Bindery. "Our former space was not conducive to our production because we were on two floors, which resulted in redundancies. With the effort of CBRE/New England, we were able to obtain single-story space that makes things more efficient, allowing us to seamlessly pick up where we left off."
"13 Dow Rd. is only a short distance from New Hampshire Bindery's former location, which minimized the impact and cost to the company," said Dieker. "We are equally pleased that we were able to secure a qualified tenant for the property and to helpfulfill the need of New Hampshire Bindery to relocate their business."
13 Dow Rd. is a 48,000 s/f, four-building industrial/manufacturing/distribution location situated on 11.8 acres. Currently, 12,000 s/f remains available for lease in addition to the opportunity to purchase the entire property. With its location on 11.8 acres, there is also the potential to further develop more buildings on thesite. Located near the junction of I-93 and 89, just south of the state capital of Concord, 13 Dow Rd. lies at the crossroads of central NewHampshire's business and industrial region.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary