Portsmouth, NH Jody Skaff of The Kane Company and Rob Blanchflower of National Commercial Brokers leased 20,211 s/f of retail space at the Lafayette Plaza on Rte. 1 to Harbor Freight Tools, a privately held discount tool and equipment retailer from Calabasas, Calif. The retailer has over 1,000 stores in 48 states.
Harbor Freight Tools is leasing the space formerly occupied by Philbrick’s Fresh Market.
Skaff is the listing broker for the 117,646 s/f center. Blanchflower represented the tenant along with Marcus Bourn, senior managing director of Newmark Knight Frank.
Harbor Freight Tools, which will open in the first quarter of 2020, will join Ethan Allen, West Marine, FedEx Office and Planet Fitness, among other retailers.
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.