Nashua, NH Prolman Realty, Inc. sold One Bon Terrain Dr. to EIP Manager Corp., according to Mark Prolman who represented the buyer. Rich Ruggiero of Newmark Knight represented the seller, FW Webb Company.
The 400,000 s/f high bay warehouse distribution building was built by FW Webb and will now be repositioned by EIP to lease out to one or two tenants.
According the Hillsborough County Registry of Deeds the selling price was $24 million.
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.