Seacoast Marketing Meeting Minutes February 2019

15 February 2019

NHCIBOR, New Hampshire Commercial Investment Board of Realtors

Minutes of Seacoast Marketing Session, which occurs every third Friday of every month.

Third Floor Conference Room                                          One New Hampshire Avenue

Pease International Tradeport.                                               Portsmouth, New Hampshire

 

Thank you to Two International Group for providing this meeting space!

Bill Hendrick and Christopher Ware with Restore My Floor was this months breakfast sponsor and we thank them for delicious food from the Big Bean Café. We strive to ensure 100% satisfaction by providing professional, affordable high quality service. Our certified technicians are committed to continuing education, and we provide them with the most advanced equipment in the industry for flooring restoration. If you walk on it, we work on it!

 

Cash Buyers

Dave Garvey with KW Commercial has a cash buyer looking for a solid multifamily complex that is 30-200 units in the Seacoast area.

Scott Kingsley with Primary Bank currently has no cash buyers, but performs all type of commercial lending.  

Jay Lee with Berkshire Hathaway has a developer looking for a site that is anywhere from 2-20 acres that can be used for gas stations, banks, and retail stores.

Bryan Wright with Colliers has a single tenant looking for a retail shop.

Jim Pratt with Bar Harbor Bank & Trust currently has no cash buyers.

Ethan Ash with KW Commercial has 2 cash buyers that are both looking for 10k sf of industrial building space in Dover and Exeter. Both buyers are willing to spend anywhere from 1-2 million dollars.

Bob Marchewka with One Commercial Real Estate has 2 cash buyers looking for 10-20k sf of industrial space in the greater seacoast area and Newington.

Kevin Raymond with Optima Bank currently has no cash buyers, but plenty of money to lend out.

Andy Ward with Colliers International has a cash buyer that is looking for land to use for fuel storage and distribution. The buyer is looking for at least 10 acres of land east of Epping and South of Newington.

Lisa Reehl with Keller Williams Commercial has no cash buyers, but knows people up in Maine looking to do business.

Scott Forte with Century 21 has cash buyers looking in downtown Berwick or York. They are looking to spend up to $400,000 and the space needs parking. He also has people looking for 25k sf that could support a gym in Downtown Portsmouth.

Rose Culver with The Masiello Group has a cash buyer looking to purchase multifamily units anywhere in New Hampshire. They are willing to spend anywhere from 2-5 million dollars.

Nicole Canavan with Berkshire Hathaway Verani Realty has a cash buyer looking for 5+ multifamily units in Manchester.

Ship Bright with Coldwell Banker has a cash buyer looking to spend up to 2.5 million dollars for mixed use.

Jamison Bibaud with Masiello Commercial has a cash buyer looking for 5-10k sf of industrial space anywhere between Rochester and Newington.

Caitlyn Burke with The Boulos Co. has a cash buyer looking for 20-30k sf of industrial space in Salem, NH off the I-93 corridor.

John Laffy with LAER Realty Partners has cash buyers looking for kid gyms in the Nashua/Hudson area.

Wendy Rayno with Northway Bank has a cash buyer looking for 6 unit multifamily in the Seacoast area and are willing to spend up to 1 million.

David Choate with Colliers has a manufacturing company that is looking for a 20k sf industrial building or land to use. Also, another cash buyer looking for office space in Dover, NH anywhere from 15-25k sf.

 

Announcements

– There will be a professional development series, February 22nd, at Berkshire Hathaway Verani in Londonderry. Free to NHCIBOR members, but please register in advance.

– Next Seacoast NHCIBOR meeting will be Friday, March 15th, from 8:30- 9:45 am.

– Next month’s sponsor will be Profile Bank

 

Listings

Dave Garvey with KW Commercial has a listing in Seabrook that is 5k sf and valued at $599,000.

Russ Doyle with Two International Group currently has a listing on 22 International Drive that has mixed use purposes. He also has a listing for a small office space, about 937k sf, and is $12/ triple net.

Bryan Wright with Colliers has some listing up in Manchester, NH. They are part of the North End Shops and the listing range from 1,600-8k sf.

Ethan Ash with KW Commercial has an 11 unit listing in Rollinsford, NH. The listing has 9 apartments, and the other 2 units are for industrial purposes.

Bob Marchewka with One Commercial Real Estate has a listing in North Hampton on Route 1, which is currently an Asian Restaurant valued at $799,000.

Andy Ward with Colliers International has a listing in Salem, which is 16,800 sf. The property is a 4-unit building with built out office space and is valued at $7.50 triple net.

Catie Medeiros with Kane Company has a couple listing for office space. The first is 1,100 sf in downtown Portsmouth valued at $32 per sf. The second is 2,800 sf and is valued at $19.50 triple net.

Travis Burrows with WS Development has leasing options available for Walmart, Petco, and Homegoods.

Lindsay Desmettre with WS Development has listings available in Lafayette Crossings that range from 1,600-18,000 sf. They are very flexible and are looking for medical offices, banks, and pop-ups.

Jamison Bibaud with Masiello Commercial has a listing on 1 Walton Road in Seabrook, NH. The Property is a freestanding office valued at $450,000. It has 14 rooms, 12 offices, a full kitchen, and bathrooms.

Rose Culver with The Masiello Group has a couple listings. The first is the Jefferson Inn, which has 4 buildings and a barn. The second is Ballards Ice Cream Shoppe, which also has office space above and 17 parking spots.

Jamie Brewer with Kennebunk Savings currently has a listing in downtown Rochester, which has potential for 30+ units of residential living.

Caitlyn Burke with The Boulos Co. has a listing on the Dover/Somersworth line. The property is 3k sf and $18/ triple net.

John Laffy with LAER Realty Partners has a listing for 4 small office spaces that have a kitchen and bathroom as well.

David Choate with Colliers has a listing on 61 Locust Street in Dover, NH. The property is a former daycare and 3,666 sf.

 

Haves, Wants, & Affiliates

Vince Chestnut with Alpha Locksmith brings professional security to your home or business.

Jason Settineri with Build It Construction delivers expertly planned interior renovations for both privately and publicly held companies.

Ryan Theil with A1 Exterminators is looking for contacts in North Boston to help try to expand their business into that area.

Erin Pike with St. Germain Collins is a scientist, Environmental Project Manager and Lender Services Manager on the St.Germain Collins team. She works with a lot of petroleum-based companies so she can help assist any realtors who work with clients buying gas stations.

Mark Sullivan with Seacoast Asset Management wanted to thank people for donating to the Pease n’ Carrots food drive, which was up 50% from last year.

Jeff Boufford with Boyd & Buofford Insurance provides insurance to Southern NH. They specialize in commercial real estate.

Kevin Raymond with Optima Bank would like people to know he does a lot of financing for hospitality or commercial lending.

Catie Medeiros with Kane Company is looking for contact information for the owner of the property 45 Pearl Street in Portsmouth, NH.

Joel Santos with Chapman Construction provides construction management services for projects large and small. In business for more than 30 years, they maintain long and successful relationships with their clients and partners.

Marie Bodi with CP Management provides a comprehensive level of service with over a century of combined experience in various disciplines, including property management, construction management, development, maintenance, and in-house asset management. CP Management has also donated $1,000 to CIBOR Cares!!

Steve Mangekian with Alpha Building Inspections thanks people for the referrals he has received.

Nicole Gorski, Sarah Mortimer, and Gina Fulginiti with Office Resources is a leading Knoll Dealer focused on delivering creative, highly functional and productive workspaces for their clients. They have offices in Portland Maine and Portsmouth NH. They have a morning mixer coming up soon; reach out to them for more details.

Courtney Patrick with Market Square Architects was established in 2016; with a focus on providing great value to every client they serve. It is located in the heart of Portsmouth, NH.

Marie Degulis with Secondwind Water Systems deals with water quality issues for all types of properties. She wanted to mention she does a lot of water quality treatment for Gas Stations.

Stepfani Croteau with Allen & Major Associates specialize in land surveying, environmental consulting, and landscape architecture.

Abby Morneualt with Colliers has finished her real estate courses and will soon be taking the exam.

Joe Campbell and Amanda Savage with North Branch Construction mentioned that some of the market sectors they specialize in are multi-unit houses, manufacturing warehouses, and high-end single-family homes.

Al Silva with Silva Graphics is serving the New England area with more than 20 years experience in the sign industry. They were recently voted the regions #1 sign company of 2018!

Barbara Lizotte with Tobey & Merrill Insurance is looking to talk to building owners about pop-up businesses.

Vince Chestnut with Alpha Locksmith brings professional security to your home or business.

Eve Hoefle with Two International Group has land available in Pease.

 

Note from Petie Cummins: These Minutes are what I understand people to have said at this meeting. Please contact people referenced to verify and clarify.

Next Meeting is 8:30 – 9:45 am on the third Friday, 15 March 2019, 
In the Third Floor Conference Room of Two International Group’s Building at
One New Hampshire Avenue, Portsmouth, New Hampshire, Pease International Tradeport.

Profile Bank will be the breakfast sponsor.

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