Dover, NH July 14th marked the grand opening of Rand-Whitney’s new 118,600 s/f container facility located on Stonewall Dr. Rand-Whitney president and CEO Nick Smith hosted the ribbon cutting celebration that was attended by local business leaders and dignitaries.
Governor Maggie Hassan, N.H. senior business development manager Michael Bergeron, Dover mayor Karen Weston, senator David Watters, as well as Robert, Jonathan and Dan Kraft of the Kraft Group attended.
PROCON of Manchester, designed and constructed the expansive packaging facility. The company’s chairman and CEO Mark Stebbins, vice chairman John Samenfeld, and the PROCON team were present to celebrate the project’s successful completion with the Rand-Whitney team.
Summit Land Development of Dover, was the land developer for the project. The festivities included a tour of the warehouse facility and the ribbon cutting ceremony. Several guest speakers expressed their thanks and congratulations to the company.
Governor Hassan began by saying, “The opening of this facility and its expansion will help create good high-quality jobs for workers here in New Hampshire, and will spur economic development and boost our innovation economy.”
Excited Rand-Whitney employees gathered at the event with their company’s leadership - clearly pleased about their larger, new facility. Smith took a few moments to share his gratitude with those gathered, “I am so proud of how everyone involved in this project pulled together to make it happen, from Dover city officials to Summit Development to PROCON. I am also proud of the RandWhitney team, who all entered the spirit of this move with such support and enthusiasm. And, it is thanks to such a great company of dedicated hard workers that we stand here today.”
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.