News: Northern New England

Mace of KeyPoint Partners signs 96,183 s/f lease extension to Kohl's

Kohl's Department Store has signed a long-term renewal for 96,183 s/f at The Crossings, according to Robert Lemons, managing partner of KeyPoint Partners, LLC. The commercial real estate service firm manages and leases the center. Don Mace, vice president of leasing, negotiated the transaction on behalf of the landlord. "The Crossings is the premier regional power center in the Seacoast area. The Crossings offers a strong roster of national anchor retailers and restaurants. Recent new tenants such as ULTA Beauty and Trader Joe's, have significantly improved the draw of the center," said Mace. "The Kohl's lease extension ensures long-term value for our client." The 475,000 s/f Crossings is adjacent to the Fox Run Mall at the heart of the vibrant Newington/Portsmouth retail market. Other tenants include Old Navy, Best Buy, Dick's Sporting Goods, Barnes & Noble, Kitchen & Company, Staples, Jared the Galleria of Jewelry, Michael's, Five Below, Chipotle Mexican Grill, Longhorn Steakhouse, Toys 'R' Us, and Me & Ollie. The Crossings also features a 15-screen, stadium seating, surround-sound Regal Cinema.
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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. 

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
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