January 2014 Seacoast Marketing Session Minutes

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17 January 2014 NHCIBOR New Hampshire Commercial Investment Board of Realtors Minutes of Seacoast Marketing SessionDoreen Austin with Northeast Credit Union was the breakfast sponsor.  Northeast Credit Union is an 80 year old institution that was started at the Portsmouth Naval Shipyard and has grown from there with the headquarters now on Borthwick Avenue in Portsmouth.  This statewide credit union does both personal and commercial lending.  Since Doreen joined Northeast two years ago, their book of business has doubled and their SBA lending tripled.  Doreen received an award for this.  The rates are awesome and this is a great time to buy some buildings, businesses, and property.  Doreen can help you do so properly.Cash BuyersBob Marchewka with One Commercial has a buyer looking for 1031 opportunities.  They would like to close by this Summer and are seeking something in the 1 to 3 million dollar range with 2 million being the sweet spot.  The uses preferred are office, downtown mixed use, or medical in the Exeter, Stratham, Durham, Newmarket, or Portsmouth areas.Tony Fallon with Tony Fallon Architecture serves up wonderous works of Architecture in new or redo and commercial or happy homes.  Tony is licensed throughout the tri-state region.Peter Taylor with Anchor Property Management manages property profitably and properly in the Seacoast.Matt Williams at Palmer & Sicard joined us for the first time.  Palmer and Sicard serves Southern Maine, Northern Massachusetts, and New Hampshire with HVAC and plumbing engineering and installation as well as energy analysis and preventative maintenance solutions.Ken Berry with Berry Engineering serves up Surveying, Civil Engineering, Septic Design, Shoreland Applications, and Construction Management all from a 53 year family based business.Heather Rowan with Office Resources helps with space planning from their offices in Boston, Portland, Shrewsbury, Manchester and elsewhere across this nation.Marc Carbonneau with Georgetown Bank offers commercial lending for the Seacoast and the Northeast corner of Massachusetts.Bryan Dubois with Dubois Associates Real Estate and Dubois Appraisals has a cash buyer looking for self storage and OK for it to have some retail.Tad Dziemian with White Columns Office Solutions and Neighborhood Energy is a broker of electricity for small business and homes.  They can gain you lower rates.Jay Dinkel at NBT Bank works out of their Manchester office and teams up with Sean Burke to bring you the money.Sean Burke with NBT Bank has the money that works with your place of work.Preston Hunter with Eckman Construction let us know that they have built large multi-family and student housing projects.Art Bonin with A R Bonin Companies has a cash buyer looking for apartments that are either subsidized or conventional from Portsmouth to the Merrimack Valley.  50 to 100 units is the target.Robert Cruess with TF Moran offers civil, structural, environmental, and survey services.  They are looking for retail sites and has seen a pickup in interest for retail.Tom House with THA Architects has been chosen to design a couple of buildings for the new Waterstone project at NH 107 and US 1 in Seabrook.Andre Tremblay with Franklin Savings Bank would like to help with your construction and permanent loans.  They also enjoy hospitality and retail.  Franklin Savings Bank has a straightforward path for you to follow that features 20 to 25 year conventional mortgages throughout New Hampshire and in Southern Maine and Northern Massachusetts.Mary Ellen Humphreys with Rochester Economic Development pulled out a globe and map and illustrated how Rochester is part of the Seacoast Region of New Hampshire.Al Silva with Silva Graphics designs and installs all shapes and sizes of signs in Maine, New Hampshire, and Massachusetts.  Al ships signs all over the world and galaxy.Vince Chestnut with Alpha Locksmith helps you in when you are locked out.Barbara Lizotte with Tobey & Merrill Insurancebusies herself with serving businesses with business savvy business insurance beautifully.Sean Peters with KW Commercial has a buyer looking for a 1031 deal in the 2 to 3 million dollar range with a 7.5 cap that is anywhere in New Hampshire.  They would like to have long term tenants in place such as medical office.Tony Donovan with KW Commercial can help if you have a medical group that is looking to expand regionally or nationally by serving up options and strategies for optimal new facilities. Ralph Pope with Coldwell Banker has a buyer looking for a call center in both Dover and Bedford that has 150 parking spots and 15,000 sf of office.  Ralph is also looking for 1.5 acres at a highly trafficked intersection for retail.Bill Cormier with Hourihane Cormier Realty also chimed in about Rochester being part of the Seacoast and pulled a couple of starfish out of his pocket to prove the point.  Bill is looking for 500 – 800 sf of high quality office space in downtown Portsmouth.Ute Luxem with Profile Bank bedazzled all with her being bedecked in a Patriot’s jersey with the number 12 and Brady but no Sullivan on it.  Profile Bank has money to lend and finance your property sales.  They can also serve up SBA lending and lines of credit too.Ken Lambert with Olympic Contracting provides roofing, painting, and siding.  They do a lot of flat roofs and rubber roof repairs and are out in the weather, whether or not.  Olympic works throughout Maine, New Hampshire, and Massachusetts.  They have recently been sprucing up The Ashworth Hotel in Hampton.Doug Frizzell with UBS has been attending these meetings for 10 years and sounded the sound advice gong to move to safe haven due to the height of the market.  Spend 2% and guarantee that all things are looking up with proven prevention.Heather Burr-Carey with ARS Restoration Specialists helps with emergency restoration and mitigation.  They help lots of owners and management companies solve the outfall of outflow from frozen pipes.Steve Wurtz with People’s United Bank is a commercial lender and can bring non-recourse lending to the table along with national reach to help entities moving in by assisting with providing financing for those trying to buy the assets where they are moving from.Danielle Lape with King Real Estate is all over Portsmouth and Southern Maine.Mark Danie with People’s United Bank serves the Exeter area in the 1 to 2 million dollar range.Carol Estes with Optima Bank has dough to go.Ray Dugdale with BDC Capital & CDC can help with commercial financing.Andrew Shakely with Nutec Corp provides Architectural and Engineering services and recently worked with Sig Sauer across the street.Andrew Ward with Colliers has an office buyer looking for professional office souther of the bridge to the Massachusetts and Maine Border.  They don’t want to go too far West of Exeter.  This is for a construction company and so they need 1000 sf of storage and 3000 sf of office.  They are OK with a condo or standalone and need to get in quick.  No time to build. Peter Whitman with KW Commercial has a major hospitality group looking for hotel opportunities in Maine and Florida in the 80 to 100 million dollar range.Doug Martin with KW Commercial works out of the Bedford office.John Konevich with Alliance Capital Funding laid lauds on Doug Frizzell for helping him keep things on the up and up with investing.  John runs an independent financial brokerage serving up commercial lending on both the government guaranteed side and conventional side along with hard money, acquisitions, and partner buyouts.Ben Langlois with President Construction is wrapping up construction of a branch bank for Middlesex Savings.  They also have a project going on at Faneuil Hall.  They do offices and other commercial construction too.Jay Comstock with Real Property Management manages residential property from a single family to 50 units.Sean Fitzgerald with Granite State Development brings the 504 and SBA world to the Seacoast along with Maine and Vermont too.Jonathan Shapleigh with Bank of New Hampshire showed us some seashells he collected in Rochester recently.Dave Garvey with KW Commercial has a 1031 buyer that closed at the end of 2013 and would like to dive back in with a 1 to 3 million dollar deal.  Retail, industrial, and office are preferred.  Dave has another buyer looking for 100 plus apartments anywhere in New Hampshire.Bob Viel with Remax Legacy had his hazmat suit on with respirator while letting us know of his hunt for distressed, dilapidated, disgusting, degenerate, despairing, decaying buildings.  The more distressed they are, the better.  Bob also has a 2.17 acre lot in Somersworth with water and sewer that has a footing in place for a 50×70 foot building.Susan Scanlon with Commercial Properties is a commercial broker in the Portland area and offers property management too.  Susan has some buyers looking for small strip retail locations up to 15 million dollars in the New Hampshire, Maine, and Massachusetts region but not Vermont.Erik Urbanek at Commercial Properties has a good book of work in Southern and Central Maine and seeks to expand into New Hampshire.Christine Soutter with City of Somersworth Economic Development bedazzled all with her sparkly Cinderella golden slippers and featured the Malley Farm development along with the 79e incentives in the downtown of Somersworth where property assessments are frozen at pre-improvement levels for 5 to 7 years.  Christine also shared that the infrastructure work beautifying downtown Somersworth is scheduled to be wrapped up in November of 2014.Christian Stallkamp with CBRE has a retail buyer looking from Greenland to Exeter for land or a building.Doreen Austin with Northeast Credit Union counsels people on wise use of their money that they have and borrow.  Doreen helps people to arrange things so they are affordable and the cash flows.James Schwartzkopf at North Branch Construction has an ongoing church project in Wolfeboro.Marie Bodi with CP Property Management offers third party property management for all use groups in New Hampshire, Maine, Massachusetts, Rhode Island, and Vermont.Announcements The statewide NHCIBOR marketing meeting occurs on the 4th Wednesday of the month from 9:00 to 10:15 at 166 South River Road in Bedford. There will be a core course on 7 February 2014 at KW Bedford.On Thursday 13 February 2014 in Portsmouth there will be a NHCIBOR networking social at the British Beer Company from 5:30 to 7:30.  This is sponsored by NBT as well as The British Beer Company and is strictly for Networking.David Choate had to leave at the beginning of this meeting and Bob Marchewka emceed in his stead cheerfully.ListingsTony Fallon with Tony Fallon Architecture is participating in transitional housing for homeless vets in Ossipee at the former Carroll County Nursing Home which is now vacant.  This project entitled “Starting Home” will provide training and short term digs to assist vets with deploying to life.  The non-profit organization is still organizing and waiting for their 501c3 tax exempt number.  Please let Tony know if you or yours are looking for write offs to offload cash to and gain lower taxation.  This a good target!Peter Taylor with Anchor Property Management has two spaces at 100 Market Street.  One is 1800 sf and the other 2200 sf.  They are offered at 22 dollars psf which is negotiable at this location just below the snazzy 100 Club in Portsmouth.Matt Williams with Palmer and Sicard can help you manage your energy with little energy.Ken Berry with Berry Engineering noted that the shoreland bureau at the state is going to have discussions on the shoreland regulations.Heather Rowan with Office Resources can assist with things as small as a single chair to a whole building layout with work stations and private offices.  They can do some quick free peeks at potential space use.Marc Carbonneau with Georgetown Bank provides both commercial and residential lending and is facile with condo lending which often scares some lenders off.  Come on in and get your commitment from us prior to heading out to see what’s available in the space market.Bryan Dubois with Dubois Associates Real Estate and Dubois Appraisals featured his appraising prowess and range as he can work on a mobile home or a large, complex, & complicated commercial challenge as well as everything in between.Tad Dziemian with White Columns Office Solutions & Neighborhood Energy brokers the supply of electricity to homes and small businesses.  Tad received kudos and thank yous from Andre, Doug, and Peter.Jay Dinkel at NBT Bank let us know about a short term intro rate of 2% that does step up and invited us to the British Beer Company event on 13 February 2014 in Portsmouth at 5:30.Sean Burke with NBT Bank also talked up this event and let us know that the British Beer Company owners are going to share why they picked Portsmouth during this event.Preston Hunter with Eckman Construction from Bedford does design/build.  Preston let us know that there is a national developer doing a large deal in downtown Nashua that is going to be part of a Renaissance there.  This 210,000 sf proposal will be mixed use and have 228 units and entail 3 buildings. Art Bonin with A R Bonin Companies has the Seabrook Racetrack under contract although they are lining up backup offers.  Art also has a 1031 property in Plaistow.  There is 48,000 sf of industrial condos, a 12,000 sf Planet Fitness with 10 years left on their lease, a 12,000 sf auto parts distributor, and two 12,000 sf leases available. There are three tailboards and 30 foot clear height featured too along with enough exposure for one space to be used as a showroom.  Lease for $5.95 psf and buy for 3 million dollars. David Speltz with Keller Williams has something going for 8 dollars psf and lots of parking on Central Avenue in Dover.  It has been used for Storage but could be other things.  David also has 150 acres in Middleton that is zoned residential.  Good for a residential development.Robert Cruess with TF Moran announced that the decaying and unsightly Racquet Club of Concord is going to be totally redone and come out the other side as the Executive Club.  There will be a large medical portion of the development which is a new model across the country.  There is 90,000 sf altogether and 25,000 sf of it is medical.Tom House with THA Architects has seen some things on Epping Road in Exeter getting ready to take off.Andre Tremblay with Franklin Savings Bank has several buyers of apartments.  After last months meeting Andy Fleisher approached Andre and said he had a possible group of units for sale.  Andre emailed Andy’s listing to his buyers and they are closing next month.  Andre donned his membership hat and urged all to sign on up to avail themselves of good synergy.Mary Ellen Humphreys with Rochester Economic Developmentnoted that downtown Rochester also has the 79e deferment on escalation in assessments for 5 to 7 years after improvements.  There are a lot of interesting properties for sale in Rochester and Mary Ellen heads up the expedited review process through the boards and departments.  Mary Ellen will have your back to keep you coming back.  Rochester also has a jobs program and a façade program.Al Silva with Silva Graphics is working with a client that recently purchased the old armory in Dover at 99 Oak Street.  There is a custom bike store and a 50’s diner, so come on in and compliment these other tenants with your own setup.Vince Chestnut with Alpha Locksmith knows you won’t need him every day but is there when you do.Barbara Lizotte with Tobey & Merrill Insurance has a client looking to expand.Sean Peters with KW Commercial has the former Rochester Trust Bank building at 22 South Main with a lot across the street and 15 parking spaces going for 975 thousand dollars.Doug Martin with KW Commercial works out of their Bedford office.  Doug’s newest listing is 93a Plaistow Road in Plaistow.  This entails a 10,000 sf strip mall with a residential area above.  The residential units are full and there is 3,000 sf to be leased at 13 dollars psf NNN.  This all can be purchased for 1.2 million dollars and will serve up a 10 cap even if the 3,000 sf leases out at 12 dollars psf NNN.  There is a gas station on site which drives up the traffic.  Lots of takeouts are interested in the open space.  Also Doug has a 30,000 sf lot in Groveland, Massachusetts going for 550 thousand dollars that was a gas station and is on the river right where they redid the bridge to Haverhill.  This has a stop light and got an environmental cleanup.Tom Duffy with Prudential Verani noted that they have a name change coming from Berkshire Hathaway and Warren Buffett.  Maybe Berkshire Buffet of Property would ring true.  Tom is taking suggestions.  Tom has a price reduction on a 15,000 sf building that is 94% leased at 114 Londonderry Turnpike.  This was going for 809 thousand dollars and now for you it is 750 thousand dollars.  There is just one small 500 sf unit available.  All of this and it is just a mile from the exit. John Konevich with Alliance Capital Funding has a variety of lending programs and can do 100% of good will to 1.5 million dollars with long terms and no prepayment penalties.Tony Donovan with KW Commercial services from Portsmouth to Portland and has a new listing in Southern Maine that is a confidential restaurant listing and catering operation.  They do a lot of weddings and are OK with a sale/leaseback.  This could be a 1031.  This is a large and unique property and the chef/owners are good stuff.Ralph Pope with Coldwell Banker also has a listing in the Seacoast’s Rochester downtown.  These two properties can be bought in a package or left separate.  One has 4 commercial and 16 residential and the other has 3 commercial and 13 residential.  The former can be obtained alone for $1,095,000 and buying both brings it to the beautiful bubbly price of 1.6 million dollars.Bill Cormier with Hourihane Cormier Realty showed us all his beach sandals he wears year round in the Seacoast’s Rochester and featured a 1.9 acre parcel that Profile Bank was going to build a branch on.  This is available for 250 thousand dollars and they are more interested in who might go there than the numbers.Ute Luxem with Profile Bank chimed in on this offering and noted that this is a wonderful area near Home Depot.Ken Lambert with Olympic Contracting has a developer looking for land for assisted living in Southern Maine and Southern New Hampshire.Doug Frizzell with UBSannounced that this is his 19th year as a financial planner and asked are your investments protected at a 16,000 Dow height?Heather Burr-Carey with ARS Restoration Specialists  helps with bio-hazard recovery and mold remediation.Steve Wurtz with People’s United Bank can do commercial lending to business operations, not just real estate.  Steve has lent to Sig Sauer for operations and also provided overall comprehensive lending to them.Danielle Lape with King Real Estate has 12,000 sf in Seabrook that can be subdivided.  There are two loading docks.  This is going for 6.75 dollars psf NNN or can be purchased for 375 thousand dollars.  Also available is 2600 to 6000 sf in Newington at Shattuck Way in Newington with lots of parking and 14 dollars psf modified gross.Mark Danie with People’s United Bank knows of a listing that includes an auto body facility with 5 other units in front.  REMAX has the listing.Carol Estes with Optima Bank let us know that CDC loans are not just for real estate.  They can be used for equipment financing also.Ray Dugdale with BDC Capital & CDC can help with more than SBA 504 loans.  From their other group they can provide financing for the down payments and bridge financing as well as mezzanine financing.  Another option is fully followed asset based lending.  They serve all of New England from their Wakefield, Massachusetts base.Andrew Shakely with Nutec Corp offers Architecture and Engineering.  They are happy to help with some quick preliminary drawings and renderings and are working on a 45,000 sf factory in Delaware which they did rough design of in a week and a half.Andrew Ward with Colliers has an office condo at 861 Lafayette Road in Hampton that is generating a lot of interest.  The two floors can be leased separately and things are all up to code with two means of egress.  The first floor was just renovated and it would suit a financial services office or a doctor.  It is next to Doctor Stevens and is available for 250 thousand dollars.Peter Whitman with KW Commercial has 6 multi-family units in the Seacoast with great numbers and is a legitimate 10 cap, a clean building, and in a great neighborhood.  All of this for 300 thousand dollars.Ben Langlois with President Constructionhelps with banks, corporate, and commercial.  They are a new company with knowledgeable staff and willing to do the right condo or residential.Jay Comstock with Real Property Management just manages and so brokers need not worry that the sales opportunities will come back to them when they refer to Jay.Sean Fitzgerald with Granite State Development serves up 504 SBA products that allows businesses to purchase real estate and capital equipment for 10% down and 40% of the loan fixed for 10 and 20 years.Jonathan Shapleigh with Bank of New Hampshire serves the Seacoast cash.Dave Garvey with KW Commercialhas 14 acres in Durham that has an approved TIFF to get water and sewer supplied to this future subdivision.  Dave also has 30,000 sf of strip on 6 acres in Newfields next to the Dunkin’ Donuts with a 19,000 per day car count.  A grocery store would be phenomenal and 1.5 million dollars buys it up.Bob Viel with Remax Legacy cast kudos to John Konevich and Ute Luxem for each helping with a very challenging transaction.  It was great working with both of them.  Bob has a 20 thousand dollar drop in price for an office off the Spaulding Turnpike that now lists at $269,900.  Bob also has an 875 sf end unit for lease in Farmington for 1295 per month.Susan Scanlon with Commercial Properties has some cool space in Augusta that underwent a neat renovation.  There is 7500 sf of class A space on Water Street.  It could be a grocery and café and a deck on the river.Erik Urbanek at Commercial Properties has 24,000 sf on two stories on Forest Avenue in Portland.  This was a counseling center and is available for lease at 12 dollars psf NNN and might go for 10 if improvements were made by the tenant.  There are 20,000 vehicles per day passing and it is a half mile to 100,000 sf of retail.Christine Soutter with City of Somersworth Economic Development touted 26,000 sf of nice manufacturing space at Malley Farm where all utilities are available and it is affordable for a manufacturer.  Also the city owns a number of parking lots that they would love to hear developer’s proposals for developing these assets.Christian Stallkamp with CBRE has a church near Weirs Beach in Laconia that is zoned residential and is a stones throw from the beach.  It might work as boat storage.  Also in Dover the Saint Charles parcel is having some of the restrictions to the sale loosened and it may become a family style restaurant.Doreen Austin with Northeast Credit Union says that lots of people don’t think about a credit union but please do so as they are way under their lending cap.  Doreen is not new at this and knows how to bring things together.James Schwartzkopf at North Branch Construction services municipal, manufacturing, commercial, industrial, multi-family, and dirty restorations.Marie Bodi with CP Management manages property such as the well-known Harbour Place, Two International Group Holdings, as well as the Thirsty Moose which are all in Portsmouth or at Pease.Bob Marchewka with One Commercial has 5 acres in Exeter with 50,000 sf of building potential but more likely 30,000 sf due to utilities.Haves and Wants

Tony Fallon with Tony Fallon Architecture is good with more than minutes.Peter Taylor with Anchor Property Management featured Globe Plaza in Rochester at exit 14 where there is 2,000 to 9,000 sf available and the whole plaza is getting spruced up.  Rates are 12 to 14 dollars psf for these retail opportunities.  Ken Berry with Berry Engineering can assist with construction administration also and cast kudos to Doreen for good work on a personal loan.Heather Rowan with Office Resourcestalked up the British Brewing Company event on the 13th of February.  There is going to be a 50/50 raffle for NHCIBOR cares that has recently contributed to the Community Tool Box that helped get a railing on a deck for a 70 year old.Preston Hunter with Eckman Construction is looking to hire a marketing coordinator to work out of their Bedford office and that is familiar with Architecture, Engineering, and Construction.Art Bonin with A R Bonin Companies has Two Liberty Lane in Kingston where the current owner wants to get into something larger.  The price has dropped from 400 thousand to 350 thousand dollars and this is a legitimate 13 cap.  Art also has an off market exclusive large limo operation in Southern New Hampshire.  It is labor intensive but does a gross business of 3 million dollars per year.  They are asking 2 million and will hold paper on 1 million.Tom House with THA Architects is working through HDC in Exeter with a project.Andre Tremblay with Franklin Savings Bank mentioned his apartment buyers again.  Up to 500 units for these three entities.  On the last deal all three made an offer.  Andre also has a buyer for mobile home parks in New Hampshire, Maine, and Massachusetts.  They are looking for 100 units typically but will look down to 10 units.Mary Ellen Humphreys with Rochester Economic Development  announced that there is going to be another business startup competition in Rochester.Al Silva with Silva Graphics enjoyed working with Nutec Corp on the Sig Sauer project.Sean Peters with KW Commercial talked of his 22 South Main in Rochester offering again.Doug Martin with KW Commercial has self storage approved to be built on Route 28 in Derry for 2.5 million dollars.  There is 20,000 sf under construction of the 70,000 sf designed.Tom Duffy with Prudential Verani had 42,000 sf of industrial condos to lease last June and there is only 6500 sf left to go.  It was a very good Fall!John Konevich with Alliance Capital Funding welcomes bank turndowns and places them with a non-bank so the bank can maintain banking relations.Tony Donovan with KW Commercial has 6000 sf on 2 acres in York for purchase or lease where NAPA is now.  525 thousand dollars to buy.Ralph Pope with Coldwell Banker is looking for a pub spot in Dover and has available in Epping a high traffic restaurant opportunity across from the Holy Grail for 2500 dollars per month or a buy at 219 thousand dollars.Bill Cormier with Hourihane Cormier Realty has 800 sf on Upper Square in Dover as a sublease to Holy Rosary Credit Union.  This space fronts on Third Street and there is 3 ½ years to go.  They are asking 1500 dollars gross and are more interested in who will go there than the dough. Carol Estes with Optima Bank is looking for a branch in Dover.Ray Dugdale with BDC Capital & CDC does more than 504.Andrew Shakely with Nutec Corp gets involved with projects from 200 thousand dollars to 90 million dollars.  They worked with North Branch whom they found up to snuff.Peter Whitman with KW Commercial mentioned again his 6 unit for 300 thousand dollars that is a legitimate 10 cap.Bob Viel with Remax Legacy has a listing back that is a pizza place in Farmington that is going for $169,900 and is a 10.5% return on investment.Susan Scanlon with Commercial Properties is working with 2 or 3 brokers from New Hampshire who are looking in Portland.  If you have clients looking there send them to Commercial Properties and they will return them to you happy as clams.Erik Urbanek at Commercial Properties has a lot of very good products in the Portland area and lots of enjoyable clients.  Happy to talk to brokers and developers.Christine Soutter with City of Somersworth Economic Development shared that the Star Lumber site is going to be developed and they are looking at a Good Will and a strip mall.  Christine nominated David Choate for SBA Broker of the Day.  Carol Estes seconded the motion.  All were favorably in favor and none said nay.Christian Stallkamp with CBRE has 3000 sf in Orchard Park, Building A and some industrial condos on Heritage Avenue with some tenants present and accounted for.  Email Christian and he will shoot you the numbers.Doreen Austin with Northeast Credit Union thanked Renee Plummer’s daughter and the rest of Café Europa for serving the fair fare.Marie Bodi with CP Management noted that speaking of Renee, Renee Plummer received one of the Outstanding Women in Business awards and will be presented with this on Tuesday 11 February 2014 at the Manchester Country Club.Bob Marchewka with One Commercialhas a buyer looking for a hotel or motel in Southern Maine that prices out in the 2 to 3 million dollar range.  They don’t want anything too seasonal and might come into New Hampshire.  The owner is leaving a similar operation in Bar Harbor. Note from Tony Fallon Architecture:These Minutes are what I understand people to have said at this meeting. Please contact people referenced to verify and clarify.Next Meeting is 8:00 – 9:45 am Friday 21 February 2014 at One New Hampshire Avenue, Third Floor Conference Room Pease TradeportThe sponsor will be EnviroVantage

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