NEREJ

07-06-12

The New England Real Estate Journal is the largest commercial real estate news source in the United States. Covering commercial real estate companies, people, and deals in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

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Commercial and Investment Real Estate COMMERCIAL BROKERS 5 Moulton St. MALONE www.malonecb.com Portland, ME 04101 207-772-2422 facebook.com/nerejournal twitter.com/nerej nerej.com Quick Read Roedel Cos. breaks ground on Holiday Inn Express leases 12,000 s/f to EmersonMade New England Real Estate Journal Section B July 6 - 12, 2012 SARNIA PROPS. LANDLORD OF 60,000 S/F WHSE./DIST. BUILDING Fleisher of NAI Norwood Group will oversee the renovation project. SEE PAGE 2 ROK Builders and RGH Hospitality Kittery Trading Post CBRE leases to PORTSMOUTH, NH EmersonMade, LLC has leased the property at 933 US Route One Bypass. Andy Fleisher of NAI Norwood Group represented Sar- nia Properties and assisted the tenant. The 12,000 s/f mixed use building will be used as warehouse and distribution for Andy Fleisher the high end women's clothing manufacturer. EmersonMade, LLC, also known AT THE 475,000 S/F CROSSINGS AT FOX RUN IN NEWINGTON CBRE|Portsmouth represented the landlord, 85 Industrial Dr. II, LLC and NAI Norwood represented the the tenant. SEE PAGE 4 Project of the Month Pages 11-14 Fulcrum completes 46,000 s/f addition for Hitchiner Mfg. 28 Pages Business Cards ............................3 N.H. Quarterly Spotlight ........ 7-18 Project of the Month ............ 11-14 CIBOR-NH............................... 22-23 Northern New England Appraisal Institute.........................................24 Digital Edition nerej.com Printed on recycled paper leases 13,585 s/f to ULTA Beauty Mace of KeyPoint Partners NEWINGTON, NH ULTA Beauty will open a store at The Crossings at Fox Run, according to Robert Lemons, managing part- ner of KeyPoint Partners, LLC. KeyPoint man- ages and leases the center. Don Mace, vice president of leasing, negoti- ated the lease Don Mace transaction. ULTA will occupy a 13,585 s/f space at The Crossings between Kitchen & Company and Old Navy. The opening is planned for this fall. The 475,000 s/f Crossings at Fox Run is adjacent to the Fox Run Mall at the center of the Newington/Ports- mouth retail market. Tenants at the Crossings include Kohl's, Best Buy, Dick's Sporting Goods, Barnes & Noble, Staples, Jared the Galleria of Jewelry, Michael' s, Chipotle Mexican Grill, Cold Stone Creamery, and a new Trader Joe's which will open on Sep- tember 7, among many others. The Crossings also features a 15-screen, stadium seating, surround-sound Regal Cinema. "Ulta is an excellent addition to the mix of merchants at The Crossings at MANCHESTER, NH Bennett Real Estate Brokerage and Norton Asset Manage- ment have completed the $1.15 mil- lion sale of the BJ's Motors building at 86 South Willow St. The .78 acre site consists of an assemblage of 5-lots with residential and commercial uses. A consolidation of the properties has been made to construct a bank. The property will become the site of Northway Bank originated Fox Run, and is expected to gener- ate strong foot traffic at the center," Mace said. Bob Bennett in Berlin, NH, and expanding to southern NH. The new loca- tion will provide retail depository and commercial banking, with drive-thru ser- vices. as Emerson Fry, moved into the space on May 25. The nearly 60,000 s/f building on 3.51 acres used to be occupied by the Portsmouth Paper Co. Whipple and Vahey of Corvus Group sell 40 acres Northern New England HARTFORD, VT Tod Whipple, CCIM and Shane Vahey of Corvus Group sold 40 acres for Valley Bible Church. The parcel is lo- cated at 0 Melsi Rd. adjacent to the newly con- structed Upper Valley Aquatic Center just south of I-89/91. Essex Capital Tod Whipple Shane Vahey a Boston based venture firm is proposing a 2.2 megawatt solar farm installa- tion in White River Junction. The project is estimated to cost $10 million and could power up to 400 homes. The solar farm takes advantage of the VermontSpeed program conceived to stimulate and promote development of renewable energy in the state. The land went under contract in fall of 2011 and closed May 25. The listing price was $685,000. Bennett R.E. Brokerage and Norton Asset Mgmt. co-broker $1.15 million sale Bill Norton Bill Norton represented the buyer, North- way Bank in the transaction, and Bob Bennett represented the seller, the By- rne Revocable Trust.

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