Manchester, NH Colliers facilitated the 35,740 s/f lease at 201 Allard Dr. Doug Martin and Bob Rohrer, of Colliers’ Manchester office, represented the landlord and assisted the tenant in the transaction.
Sanford Temperature Control, Inc. signed a long-term lease for the entire high-bay warehouse building. This Milford, NH-based plumbing and HVAC contractor is expanding its footprint and looking forward to making the former Ray the Mover building its new company headquarters.
“With its room for growth, proximity to major arteries enabling quick trips to Nashua and Concord, and unique location offering a great branding opportunity, we’re excited for how this location will enable us to further our mission to ‘Give the Trades a Good Home,’” said Rich Jordan, owner of Sanford.
“The industrial real estate market in southern NH remains active with greater Manchester witnessing historically low vacancy rates, standing near 3% at the end of 2023. The demand for high bay warehouse/distribution space, like 201 Allard Dr., has continued while its availability remains limited. It was a pleasure working with our client and introducing Sanford Temperature Control to this uniquely situated property,” said Martin.
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.
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.