News: Northern New England

DiGuiseppe of Realty Partners, NE leases 5,000 s/f to NE Tap House & Grill

Christopher DiGuiseppe, director of leasing for Realty Partners, NE leased 5,000 s/f to NE Tap House & Grill. NE Tap House realized an extremely successful opening serving comfort food, wood fired grills, and over 20 beer taps highlighting beer from New England to Canada. The tenant combined 2 spaces to create 5,000 s/f with exterior seasonal seating. Hooksett Landing is a retail center in Hooksett located on a 25-acre parcel paralleling Hooksett Rd. with 2, 4-way, signalized intersections, 2 pylons w/reader board, 30,000 daily traffic counts and excellent visibility. NE Tap House & Grill joins tenants including; Walgreen's, Sovereign Bank, Advance Auto, USA Subs, Supercuts, Goodwill Industries, and Tiffany Cleaners. DiGuiseppe also completed a 5,000 s/f deal with Anytime Fitness bringing Hooksett Landing to 94% occupancy. Anytime Fitness will join Hooksett Landing this summer. Realty Partners, NE is Hooksett Land Developments exclusive leasing agent and responsible for leasing Hooksett Landing. "The Hooksett market is a growing market and a prime retail destination. Hooksett Landing location at the fifty yard line of the commercial corridor is the best location for convenience retailers within the market," said DiGuiseppe.
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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
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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
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
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.

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.