Londonderry, NH Tinkham Realty has completed the following transactions:
• Carpenters Local Union 118 of Lowell St., Manchester N.H. has purchased a 1,536 s/f office condominium at Londonderry Commons, 1A Commons Dr. The sale price according to the Registry of Deeds was $145,000. Bill Zolla represented the seller, Burke Family Trust of Longmont, Co.
• Granite State Transportation of Nashua Rd., Londonderry, N.H. has leased a 2,375s/f industrial condominium at 1A Rockingham Rd. in Londonderry. Judy Tinkham represented the lessor Higgins Properties, LLC and assisted the lessee in the lease negotiations.
• Huang and Zhange, online sales of electronic merchandise, has leased a 2,700 s/f industrial condominium at Pelham Industrial Park, Pelham N.H. Jerry Hersch of Tinkham Realty represented the lessor Donald Hodgkins, of Londonderry and assisted the lessee in the lease negotiations.
• Stephen Mihalick of Allstate Insurance has leased 1,395 s/f at Granite Oaks Professional Office Building, 127 Rockingham Rd., Windham N.H. The agency owner Mihalick has been in the insurance industry since 2000 and with Allstate since 2009. Tinkham represented the lessor, Granite Oaks, LLC and assisted the lessee in the lease negotiations.
• Evergreen Office Products, LLC has relocated to 80 Nashua Rd., Londonderry. Evergreen Office Products provides imaging supplies and stationery, laser printers and copiers. Hersch represented the lessor Namar Associates and assisted the lessee in the lease negotiations.
Tinkham Realty Inc. provides full service real estate in all of N.H. and Mass.
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.