People and Property: Real Estate and Construction News Rundown

147k-square-foot Perimeter Rd. property sold, Sully’s market property sold in Suncook … and more


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Brady Sullivan Properties has acquired 1050 Perimeter Rd., a class A office and flex property that directly abuts Manchester Boston Regional Airport and features 147,000 square feet of office space.

The multi-tenanted building is located on 16 acres. Existing tenants include Stonyfield Yogurt, NDX, Edgewater Technology and Black Box Network Services.

Brady Sullivan said it has plans to make a number of immediate improvements to the property including painting of the exterior, updating signage, renewing the landscaping, and renovating the common areas.

 

Three abutting retail properties in Suncook – the 10,000-square-foot Sully’s grocery store, a 16,000-square-foot, mixed-use building leased to Dunkin’ Donuts, Pharmacy Express and Pizza Market, plus 5 acres of vacant land for future retail development, has been sold for $2.3 million.

The site was sold by Associated Grocers and was facilitated by Harrington & Reeves, a firm formed by partners Deane Navaroli and Michael Harrington.

 

Barker Architects Inc. has agreed to merge with another Concord-based firm, Warrenstreet Architects. Kyle Barker, who founded the firm that bears his name in 2000, will will lead the firm’s efforts as they relate to educational and municipal research and design.

Jonathan Halle, a principal of Warrenstreet, said that Barker’s knowledge and years of experience in the school market, coupled with the production capabilities of the Warrenstreet staff, will allow for us to better influence and serve New England schools well into the future.

 

Hoyle, Tanner & Associates, Manchester, was recently named by PSMJ Resources Inc.’s 2014 Circle of Excellence. HTA was one of 63 firms around the nation receiving the designation from the management consulting firm for the architecture, engineering and construction industries.

The Circle of Excellence is designed to highlight firms that are successfully managed, based on 13 performance metrics that demonstrate outstanding achievements in profitability, staff growth, cash flow, productivity, business development, overhead management and turnover.

 

Manchester-based Kalwall, a maker of translucent panel systems for wall and roof designs, has been nominated for three U.S. Green Building Council Best of Build Awards: Best Product for Energy Efficiency, Best Product for Exteriors and Best Product Manufacturer of the Year (Small to Midsize).

Best of Building awards are part of the USGBC’s initiative to “celebrate the year’s best green products, projects, organizations and individuals making impact in green building.”

 

The New Hampshire Institute of Art in Manchester has received $367,250 in tax credits toward the rehabilitation of the abandoned former St. Anne church in the city. The institute was given the historic building on Union Street by Brady Sullivan Properties in 2009, with the intention of housing the Art Lab School, an after-school program for under-served and immigrant/refugee children.

The credits are part of nearly $6 million awarded through the Community Development Finance Authority’s Tax Credit Program to 14 New Hampshire organizations for projects which make local communities thrive and become more resilient.

 

The Zoo Health Club has signed a lease at Derry Meadow Shoppes located at 35 Manchester Rd., Derry, where it plans to open a 23,820-square-foot health club.  The Zoo Health Club is a national fitness franchise with its nearest existing location in Manchester. Handling the transaction was Summit Realty Partners of Lexington, Mass.

 

M2 Service Group, Exeter, has hired Bill Reid of Chicopee, Mass., as field supervisor for its HVAC Division. Reid is a licensed certified technician with over 28 years of experience in the HVAC field. He previously worked at TradeWinds Mechanical Service for nine years where he managed a full field force in diagnostics, service, retrofit and replacement projects. Steve Sewall, owner of M2 Service Group, previously owned TradeWinds Mechanical.

 

The Bean Group has announced that Sheara Bailey of Grantham has joined the company’s Portsmouth real estate office. She brings prior experience assisting buyers and sellers in the Dartmouth-Lake Sunapee region, which she has called home for over seventeen years.

 

Newington-based Rockingham Electric has announced plans to open its 10th location, this one in Lewiston, Maine. The staff will be led by store manager Steve Letourneau and Guy Langelier.

 

Nearly $200,000 in housing counseling funds have been awarded to New Hampshire Housing by the U.S. Department of Housing and Urban Development. New Hampshire Housing will distribute funding to:  Affordable Housing Education and Development (AHEAD) in Littleton; AHEAD Homeownership Center in Colebrook and Berlin; Laconia Area Community Land Trust in Laconia; NeighborWorks Southern New Hampshire in Manchester and Nashua;  NeighborWorks Southern New Hampshire at CATCH Neighborhood Housing in Concord; The Housing Partnership in Portsmouth; and The Way Home in Manchester. New Hampshire Housing will also use a portion of the funds for its own homeownership education efforts.

The funding will be used for a variety of efforts at these agencies, including pre-purchase homebuyer education workshops and counseling; financial literacy workshops; home equity conversion mortgage (HECM) counseling; post-purchase financial management and budgeting counseling; and rental counseling.

 

The Jordan Institute recently announced the election of new officers to its board of directors. Doug Patch, a shareholder and energy lawyer with Orr & Reno, will chair the board. Beatriz Pastor, Dartmouth College professor and a state representative from Lyme, is vice chair. Michael Mooiman, associate professor of energy and sustainability studies at Franklin Pierce University, is treasurer. Joanne Cassulo, formerly of the state Office of Energy and Planning and now with Central New Hampshire Regional Planning Commission is Secretary.

 

Scott Harmon has been appointed southern regional manager of construction services for S.W. Cole Engineering Inc. Based in Somersworth, Harmon has over 25 years of construction industry experience.

 

Prolman Realty Inc., Nashua, has been selected by the Raymond W. Ennis Sr. Revocable Trust to market for sale its multi-tenanted industrial/office building at 111 Lock St.  in the Gate City. The property offers a total of 14,075 square feet, with 10,075 square feet of office space and 4,000 square feet of first-floor light industrial/warehouse area.

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