Seacoast Marketing Meeting Minutes October 2019

 

October 18, 2019
NHCIBOR
New Hampshire Commercial Investment Board of Realtors
Minutes of Seacoast Marketing Session

 

Tad Dzemian of Neighborhood Energy was the breakfast sponsor. Neighborhood Energy offers energy solutions for industrial and commercial customers. They focus on reduced spending and budget stability. They operate in all deregulated energy markets across New England and New York. Tad is looking to speak with new prospects.

 

Cash Board

Andy Ward of Colliers International is working for three years with an individual who would like to purchase a retail property within 20-30 minutes driving range around Portsmouth, NH. Up to $2 million.

 Bryan DuBois of DuBois Associates has a buyer for 8,000 sf of office space along the Exeter-Londonderry Route 101 corridor..

 Jim Ward of the Equity Group has a buyer for highly visible stores and sites in NH.

Caitlin Burke of The Boulos Company has a buyer with a focus on the restaurant business who is looking for a mall with either an empty restaurant space or one in which the restaurant lease is expiring soon. Up to $2 million investment.

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

 Ethan Ash of KW Commercial has a buyer in need of a 1031 exchange property. The buyer is looking for a single tenant use up to $800,000 within 1 hour driving range of Portsmouth, NH.

Joe Friedman of Brooks Properties has a buyer for 30,000 sf of office and industrial zoned land within the I-93 corridor.

Abigail Morneault of Colliers International has a buyer looking for office space with parking in the Portsmouth, NH area.

Tom Duffy of Verani Realty has a 1031 exchange buyer who is looking for a $550,000 to $1.5 million project in the Ogunquit area.

Peter Gluckler of Masiello Group has a buyer for a 20,000 – 30,000 sf warehouse with garage in the Dover-Portsmouth area.

 David Choate of Colliers International has a first-time investor who is looking for an easy to manage office/industrial building or condo in the price range of up to $500,000.

 

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 October 23, 2019.

September 19, 2019           The Free Masons will hold Statewide open houses between 9:00 am – 5:00 pm. Many lodges are amazing. Go check them out if you can make the time.

September 28, 2019           9:00 am-12:00 pm between the 1 New Hampshire and 2 International buildings, Pease Tradeport, there will be a “Touch a Truck” family event to benefit the Richie McFarland Children’s Center.

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 7, 2019  The Business Summit by the Newmarket Business Association has been cancelled and will be held at a date to be determined in the spring of 2020.

November 8, 2019  Core course commercial real estate at Keller William Portsmouth – 3 credits.

November 15, 2019            The Seacoast CIBOR meeting will be sponsored by Marie Bodi of CP Management. Marie is collecting donations for the Portsmouth Food Bank “GATHER”. Cash or check is preferred because many of the goods GATHER offers have a shelf life plus the foodbank can purchase in bulk which stretches every dollar donated to generate maximum impact.

November 22, 2019            Professional Development Series 9:00 am – 12:00 pm:  “What’s going on in Concord?” Update on new legislative bills impacting real estate.

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

David Choate asked for a lead on an asset appraiser for a hospital to evaluate the FF&E of a medical practice.

 

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

 

Listings

Andy Ward of Colliers International gave a shout out to Seacoast Cars and Coffee Café in the Fox Run Mall and the Town of Newington for hosting a successful networking event last night.

  • 1 listing in North Hampton, industrial with high bay, 4334 sf for lease at $6.50 NNN.
  • Unit 2 in the same building leased out last week, 5,000 sf.

Russ Doyle of Two International Group has a 3,000 sf space with overhead door, 22 ft high ceilings, 2 private offices, remainder flex space for $12 NNN. NNN are $5/sf.

Bryan DuBois of DuBois Associates has 2.5 units at Bayside Commons in Greenland on Route 33.

Caitlin Burke of The Boulos Company has 1,900 sf of medical space left at the former Court House in Exeter for $13/sf NNN.

Nicole Canavan of BHHS Verani Realty has 2,700 sf of street-front space with drive in doors on the Londonderry Turnpike.

Jim Ward of the Equity Group has 33 acres of land listed behind the Hannaford in Exeter. 15 of those are usable land with on site water and sewer – $790,000.

Ethan Ash of KW Commercial has 2 offices for lease in Dover, NH:

  • 1,100 sf, 4 offices, $11/sf, all included
  • 1,500 sf at 142 Broadway, $15/sf, all included

Joe Friedman of Brooks Properties has a 4,000 and a 19,000 sf space. He passed out a flyer listing all of the availabilities of Brooks Properties.

Abigail Morneault of Colliers International has a second-floor condo office unit on Lafayette Road listed for $25,000. Nothing wrong, the owner would just like to move on.

Courtney Patrick of Market Square Architects is currently working on a 186 unit mill redevelopment in Nashua. The current owner would like to sell after project is finished.

Tom Duffy of BHHS Verani Realty has 136 Chestnut Hill Road in New Boston. Built in the 80s for a defense department contractor, it has a large fiber feed. 15,000 sf for $930,000. Ideal headquarters for internet heavy company.

Lisa Reehl of KW Commercial is looking for:

  • B2, B3, B5, B7 business districts in Portland/ME 1,000-2,500 sf , up to $800,000
  • Residential rental units 2 to 100

Peter Gluckler of Masiello Group has 4,000 – 10,000 sf for lease in Kittery; 5,200 sf are open space, the remainder is office – $14/sf NNN and immediately available. 

David Choate of Colliers International has 3,000 sf at Harbor Place in Portsmouth, NH, $36/sf (price just reduced!) plus electric only. Parking is available in the Harbour Place garage for a monthly rental rate.  This beautiful space has City, Prescott Park and water views!

 

Haves and Wants

Andy Ward of Colliers International has 22 Industrial Way in Exeter.

  • Total 63,000 sf, with about 31,000 leased. The remainder of 32,000 sf for lease at $8sf/NNN. Or the entire property for sale for $4.8 million.

Nicole Canavan of BHHS Verani Realty has the Salvation Army looking for a short term lease around Christmas time to store their toy drive.

Andy Ward of Colliers International has 2 properties in Epping:

  • One is in the water moratorium area but is on private well and septic; 2.1 acres for $380,000.

David Choate of Colliers International inquired about the former Seacoast Sports Club in Greenleaf Woods in Portsmouth. Who is buying the facility and what are the plans for it?

Tracey with Alpha Building Inspections invited brokers to a residential open house tour.

Marie Bodi with CP Management has several residential units at Nashua Ledgewood Hill becoming available:

  • Two 1-BR units for $1,225/month
  • Two 2-BR units for $1,400 to $1,500/month coming in the next couple of months. 

Joe Friedman of Brooks Properties stated that Brookstone Park is ideal for Holiday parties.

David Choate of Colliers International stated that Optiv is looking for 2,500 to 3,000 sf of office space for lease.

 

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. She also gave a shout out to the City of Somersworth which will be posting a RFP for the redevelopment of the Somersworth Plaza downtown soon.

Steve Mangekian and Tracy with Alpha Building Inspections are looking to speak with lenders about bank draw inspections. Alpha Building Inspections is a 6-inspector company that performs residential inspections all over the State of NH and in 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.

Barbara Lizotte with 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, we’ll work on it”.

Marie Bodi of 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 with 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.

Stephanie Croteau of Allen and Major Associates 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 – they can fix it 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 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 their clients’​ real estate. Paul 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 car themed setting.  

Al Silva with 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 with A1 Exterminators is ready to help you get rid of uninvited tenants like bed bugs, ticks, mosquitos as well as all kinds of rodents. He thanks CIBOR members for all their referrals.

David Kesler of Kesler 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 15th of November, 2019 at

One New Hampshire Avenue, Third Floor Conference Room

Pease Tradeport

 

The November breakfast sponsor is Marie Bodi of CPManagement

 

 

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

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