Tilton, NH Summit Realty Partners, Inc. completed a lease transaction with Clear Choice MD Urgent Care who plans to construct a 2,400 s/f building on a pad site at Tilton Plaza. Clear Choice MD joins the shopping centers existing tenants: Hobby Lobby, Staples, U.S. Cellular and Applebee’s. Nearby businesses include the Tanger Outlets, BJ’s, Market Basket, Kohl’s, Home Depot and many other well-known retail businesses.
Chris McMahon of Summit Realty Partners, Inc. represented the landlord, A&D Tilton Properties, LLC in this transaction.
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.