Exeter, NH Following its recent acquisition of 100 Domain Dr., Torrington Properties has signed Peak Achievement Athletics to a new, long-term lease extension. Peak is the parent company of Bauer Hockey and Cascade and Maverik Lacrosse. Bauer has been in New Hampshire for more than 25 years, and 100 Domain is the company’s global headquarters.
“Peak’s portfolio of brands, including Bauer, Cascade and Maverik, lead their industries with innovation. The company’s decision to keep investing in our state, attracting top-tier talent to live and work here, will be a huge boost for the New Hampshire economy,” said governor Chris Sununu.
“This new lease with Peak and its teams that work across hockey and lacrosse represents our commitment to reimagining the modern workplace while providing best-in-class commercial office space,” said Matt Morgan, Torrington’s chief operating officer.
A leader in the design, development and manufacturing of sports equipment, Peak will lease 51,630 s/f of commercial office space for its Bauer, Cascade and Maverik businesses, and Torrington is making a series of investments into their first-class headquarters.
“At Peak, we’re committed to building strong connections with our communities, whether it’s on the ice or on a field around the world. New Hampshire is one of those core communities for us because it’s where so many of our team members live, work and recreate,” said Ed Kinnaly, CEO for Peak.
Torrington is finalizing plans to upgrade 100 Domain’s common areas, which will modernize aesthetic finishes as well as expand and upgrade the fitness center. Torrington retained Lexie’s, a local restaurant known for its fresh ingredients and inventive takes on a classic American menu, in 100 Domain’s café. The common area upgrades are slated to begin prior to year-end.
Torrington acquired the 263,000 s/f building at 100 Domain for $46.9 million in 2022. This was the state’s largest commercial office real estate acquisition in recent years.
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.
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.