Rochester, NH According to Summit Realty Partners, Town Fair Tire leased an 8,232 s/f endcap at the 42,000 s/f recently renovated Spaulding Commons Shopping Center.
With over 95 stores located throughout New England, Town Fair Tire is one of today’s leading tire retailers for cars, trucks and SUV’s. Chris McMahon of Summit Realty Partners represented the landlord and Northeast Retail represented the tenant.
Town Fair Tire joins Spaulding Commons alongside other tenants, such as Planet Fitness, Sun Tan City, Rent-A-Center, Little Caesars Pizza and H&R Block.
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.