Seacoast Marketing Meeting Minutes November 2019

November 15, 2019
NHCIBOR
New Hampshire Commercial Investment Board of Realtors
Minutes of Seacoast Marketing Session

Marie Bodi of CPManagement, a property management company, was the breakfast sponsor. CP Management provides a comprehensive service in various disciplines including property management, construction management, development, maintenance, and in-house asset management.

Marie is also on the Board of “Gather”, a foodbank headquartered in Portsmouth, NH and CPManagement is the lead sponsor for this 12th year food drive named “Peas and Carrots Food Drive”. “GATHER” services 35 towns, 2.600 families on a monthly basis and distributes 60,000 tons of food annually, and feeds 700 school children during vacation week. GATHER expanded into the Rochester market after “End 68 Hours of Hunger” pulled out. Rochester has 1,500 children on free or reduced lunch in the school system. Overall, milk and eggs account for $50,000 in funding need each year. Today’s fundraising goal is $5,000. CPManagement is donating $1,000, CIBOR Cares will match donations up to $1,000 (goal achieved) from today’smeeting collection, and Marie hopes to raise $3,000. This would be 10% of the milk and egg budget. If anybody wants to make a donation, please make your check out to “GATHER Food Pantry” and mail the check to: 210 West Road, Unit 3, Portsmouth, NH 03801 with “NH CIBOR” on the memo line. Or go to https://www.gathernh.org/about and hit the tab “DONATE”. Any help is greatly
appreciated.

Cash Board

Bob Marchewka of One Commercial Real Estate has a company looking for 15,000 sf of industrial space, 24 foot high bay. Unit should include 5,000 sf in office space, a bay and drive in capabilities. 10 mile radius around Hampton and Exeter.

Ethan Ash of KW Commercial is looking for a minimum of a 15 unit residential rental property, value added, in Southern NH.

Eve Hoefle of Two International Group is looking for an expert in real estate technology and search optimization software.

Nicole Canavan of BHHS Verani Realty has a buyer for a 20 unit multifamily in the Manchester area and a separate buyer for 9-30 units in the Nashua area.

Joe Friedman of Brooks Properties has an investor looking for flex/industrial space in the I-93 corridor.

Jay Lee of BHHS Verani Realty is looking for development sites in Southern NH of a minimum 1.5 acres and around $10 million.

Andy Ward of Colliers International has a retail investor looking for an asset, can be value added, anywhere around Portsmouth.

Andy Fleischer of NAI Norwood Group has an industrial user looking for 30,000 sf to lease or purchase in Southern Maine; with the location within 35 minutes of Berwick, ME.
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Michelle Sullivan of The Gove Group has an investor looking for 1.5 acres in Lee, NH.

Andrew Robbins of Colliers in Manchester has a canvas processing company looking for a location in the Manchester area. Price range up to $700,000.

Bob Cohen of Cohen and Schultz Consulting Group, LLC has a business sale listing for an automotive shop, including all FFE, in Hampton, NH.

Chris Soutter, Economic Development Director for the Town of Durham has an upcoming vacancy on Jenkins Court for a retail opportunity.
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Abigail Morneault of Colliers International has an investor looking for 1,500 sf in or around Portsmouth, NH.

David Choate of Colliers International has a landscaping firm looking for a satellite staging area in the Southern Dover/Portsmouth area. They are looking to purchase 2-3 acres.

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. The next meeting will be held November 27, 2019.  There is no meeting in December.

Thank you very much to Tucker for coming with a computer to have attendees sign in electronically.

Breakfast Sponsors for 2020 Cibor meetings: the months of July, and August are still available. Please reach out to David Choate if you would like to host.

Great advertising opportunity:

November 22, 2019 – 1 credit class at Verani in Londonderry. Professional Development Series 9:00 am – 12:00 pm.   “What’s going on in Concord?” will be an update on new legislative bills impacting real estate. Please register.

December 20, 2019 – The Seacoast CIBOR meeting will be sponsored by Dylan Cruess of TFMoran.

December 12, 2019 – CIBOR Holiday Party at the Manchester County Club.

Please consider becoming a member of NHCIBOR. Thank you very much if you already are a member.

Listings

Bob Marchewka is listing 951 Islington Street, Portsmouth – 6,000 sf first floor space that can be subdivided. $20/NNN.

Mark Devins of KW Commercial currently has no new listings.

Ethan Ash has 2 listings:

1) 28 acres of land, 10 of those upland, in Kittery, ME, next to the Jungle Rope. Mixed use zoning. $405,000.
2) Tire and repair shop on RTE 16 in Ossipee, NH. Includes RE. $615,000.

Russ Doyle of Two International Group has  2,200 sf of newly built space at 85 NH Avenue in Portsmouth. Available in early January.

Nicole Canavan is looking to start a NH chapter of Women in Commercial
Real Estate. Interested parties please reach out to her.

Joe Friedman mentioned 2 listings and handed out a sheet with all of his listings.

Jay Lee is listing 12,000 sf in Merrimack. The site has a traffic count of 20,000 cars/day. $1.2 million.

Andy Ward is listing Unit 8 at 170 West Road in Portsmouth. The space is about 6,300 sf, with some office on the first and second floors. $8/NNN/sf. NNN are $3.25/sf.

Andy Fleischer is listing 90 Fleet Street, 2nd floor. It can be leased for
$1,950/month/NNN. For sale at $390,000.

Michelle Sullivan  is listing 118 acres in Lee. Also, she has a 1 acre property, service bay for sale for $648,000. Please contact her for additional information.

Andrew Robbins is listing a retail space with 7 parking spots at $1,500/NNN/month. NNN are $4.00 – call Andrew for exact location.

Kirsten Larsen Schultz of Cohen and Schultz Consulting Group, LLC has the following businesses listed for sale:
1) Auto repair shop
2) In home video production business
3) Scooter repair shop.
She and Bob Cohen provide business valuations.

Catie Medeiros of the Kane Company is listing:

1) 500 Market Street, Building #2, Downtown Portsmouth. Building has 3,856 SF
consisting of 3 fully leased units. Available for $1,200,000.
2) 98 Penhallow Street, Downtown Portsmouth. Available for lease at $21/sf + real estate taxes. First floor 1,100 sf office.
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Abigail Morneault is listing retail space at 164 Epping Road in Exeter, NH. 15-20 parking spaces. 14,400 sf at $15/NNN.

Lisa Reehl of KW Commercial is listing a 5,500-sf unique property in an opportunity zone in Plymouth, NH. The backside of the building faces I-93 and the front RTE 3. The property has 3 phase power, was recently renovated and is on the market for $1.8 million.

John Kelley, Real Estate Broker, is listing a small convenience store in the Government Center in Boston. 9 years left on the lease. 263 sf. Rent per SF is $152. Business available for $250,000.

David Choate has two new listings:

1) 25 Nimble Hill Road off the Spaulding Turnpike, Exit 4. 24,270 sf warehouse space with 2 loading docks. $5.50/NNN.
2) 30 Willand Drive in Somersworth NH. Currently a martial arts school of 6,700 sf on 2 levels. The owner wants to get out of the real estate business and may be willing to lease the property back. $950,000.

Haves and Wants

Due to the large group of attendees, a third go around was not possible. Nobody had any additional listings or haves and wants to add.

Affiliates:

Ute Luxem with Profile Bank dedicates herself to serving the needs of her clients. The Bank offers a broad range of financial products and services while providing each customer with the highest level of personal service. Interest rates are still at historic lows and she is happy to work with you on financing your projects.

Tracy with Alpha Building Inspections is looking to speak with lenders about bank draw inspections. Alpha Building Inspections is a 5-inspector company that performs residential inspections all over the state of NH and Southern ME. Also, they perform commercial inspections all throughout New England.

Dylan Cruess of TFMoran provides full-service retail, industrial, energy, office, institutional, municipal and residential services. Dylan is happy to assist you with conceptuals so you can make the most of your time commitment to a project. TFMoran employs 70 people.

Barbara Lizotte of Tobey & Merrill Insurance creates a circle of protection, providing a simple and practical insurance plan that is customized to your individual needs.

Chris Mark of Restore My Floor has a great team. They offer professional carpet cleaning in addition to their main line of business, new flooring and rehab. “If you walk on it, well work on it”.

Marie Bodi, CPManagement provides a comprehensive service in various disciplines
including property management, construction management, development, maintenance, and in-house asset management.

Bill Jean with Fulcrum Associates is a construction management firm based in Amherst, NH that has been building a solid reputation in the construction industry since 1989.

Erin Pike of St. Germain Collins is an environmental, EHS compliance and engineering firm specializing in environmental risk management; site investigation, characterization and cleanup; environmental health and safety (EHS) compliance; and civil design, permitting and construction administration.

Chris Ratte with Shaheen and Gordon. PA provides excellent legal services in areas of land use and development.

Scott Kingsley with Primary Bank provides commercial, industrial, and residential loans with a lending limit up to 3.7 million.

Kevin Raymond with Cambridge Trust would like people to know he does a lot of financing for hospitality and has plenty of cash to loan up to 30 million dollars.

Stephani Croteau is a dedicated part of a great civil engineering and land surveyor company with offices in Woburn, MA, Lakeville, MA and Manchester, NH.

Courtney Patrick works at Market Square Architects. The firm was established in 2016 with a focus on providing great value to every client they serve. They have grown from a 2-employee company to 14 employees over the years. She is looking for interior projects.

Ray Sirois with ServiceMaster fixes water, fire, mold – he can fix whatever the damage.  Great response times.

Joe Cunningham of Cunningham Associates Insurance serves NH and ME personal and business insurance needs.

Priscilla MacInnis of First Seacoast Bank provides excellent commercial lending services.

Brendon Neudecker of HPM Insurance provides excellent insurance services to you and your clients.

Matt Sylvia and Stephanie Santos of Eastern Bank are excellent commercial lenders who can lend up to $30 million in house.

Mike Donahue with the Town of Newington Economic Development Committee assists the community with Economic Development.

Kathryn Bristol of NewVo Interiors can assist you in furnishing your new space and plan for optimal space utilization.

Jeff Boufford with Boyd & Boufford Insurance provides insurance to Southern NH. They specialize in commercial real estate and have significant experience with storage facilities. This being said, you will receive personalized services for all your projects.

Jason Settinari of Build It Construction provides construction management, design build, logistics planning and in house maintenance.

Jim Gove of GES Environmental Services, Inc. provides environmental consulting services.  Jim recommends not to clear land before having DES approvals. The experience can turn ugly.

Paul Alfano and Michelle Dreselly with Allobar Strategies provide unparalleled personalized real estate tax consulting services to a broad range of commercial and residential clients in New Hampshire, Massachusetts, and Connecticut. With almost 30 years of company experience, their team of property tax representatives and valuation professionals work to create and implement tax strategies to enhance the value of our clients;​ real estate. Liz and Michelle are ready and able
to serve as your property tax advocate and advisor.

Damien Callahan of Cars and Coffee established brand new meeting space in the Fox Run Mall and hosted yesterday’s successful Realtor Open House for the Town of Newington. Great space for company outings in a car themed setting.

Al Silva of Silva Graphics is serving the New England area with more than 30 years’ experience in the sign industry.

Jeremy Forest of Bridges Brothers Movers represents a family-owned company specializing in residential moving for more than 100 years.

Ryan Theil of A1 Exterminators is ready to help you get rid of uninvited tenants like bedbugs, ticks, and mosquitos, as well as all kinds of rodents. He thanks CIBOR members for all their referrals.

David Keslar of Keslar Insurance provides excellent customer service and underwrites to your needs, making sure you have the right coverage.

Next Meeting is 8:00 – 9:45 am, Friday, December 20, 2019 at
One New Hampshire Avenue, Third Floor Conference Room,
Pease Tradeport,, Portsmouth.  TFMoran is the breakfast sponsor.

Disclaimer: These notes are taken as I understood everybody. For
details and clarification, please contact the individual attendee directly.

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