People and Property: Real Estate and Construction News from Around NH

Colliers represents seller in Raising Cane’s property deal

Colliers announced the sale of 782 South Willow Street in Manchester. Tthe investment property, the new home of Raising Cane’s restaurant, sold for $3,700,000, according to the Registry Review.

Bob Rohrer, managing director of Colliers in New Hampshire, represented the seller, Tatro Road Realty, in the transaction and assisted the buyer. The buyer, 1782 Willow LLC, acquired the asset as a long-term investment opportunity, Colliers said in a news release.

The property is a newly constructed, 3,366-square-foot building operated by Raising Cane’s, a national chain that specializes in fried chicken tenders. The building is on a 1.5-acre site acres and has double drive-thru lanes. There is a long-term absolute net lease in place.

“The sale of this property represents the continued demand for high-quality net leased assets in core retail markets,” Rohrer said in a statement.

Sunapee awarded $740,000 to replace bridge with new timber structure

The town of Sunapee will receive $740,000 in federal funding to replace the aging Sargent Road bridge, thanks to the Northern Border Regional Commission’s (NBRC) Timber for Transit Program, the state Department of Business and Economic Affairs announced.

The $925,000 project will create a new laminated timber bridge, enhancing safety and connectivity while supporting rural infrastructure development. The grant will fund engineering design, environmental review, easement acquisition, and construction. The bridge will feature a longitudinal glued-laminated timber deck and bridge rail.

The NBRC’s Timber for Transit Program promotes the use of advanced timber products in transportation infrastructure, such as bridges, bus stops, pedestrian paths, and sound barriers.

The Department of Business and Economic Affairs administers NBRC programs in the state, offering technical support to local and regional projects.

The NBRC, created by Congress in 2008, supports development across northern counties from New York to Maine. In New Hampshire, eligible counties include Belknap, Carroll, Cheshire, Coos, Grafton, Merrimack, and Sullivan.

Applications for the next round of Timber for Transit funding are due Aug. 29.

Learn more at www.nbrc.gov.

Milford office/flex property sells for $1.8M

A multi-building office and flex property at 119 Emerson Road in Milford has sold for $1.8 million, exceeding its $1.69 million listing price, according to the Hillsborough County Registry of Deeds.
Colliers represented the seller, Ponderosa Holdings LLC, in the transaction. The buyer, Hudzik Properties LLC, acquired the 2.22-acre property in a partial sale-leaseback deal.
The campus includes three office/flex buildings and a standalone warehouse totaling approximately about 16,980 square feet. It is located near the intersection of Routes 101 and 13.
A key tenant, Dagtron Dynamics, has signed a long-term lease extension for two of the buildings. “Datron has been the exclusive North American provider of Datron CNC milling machines, tooling, service and support since 1996,” Colliers said in a press release.
Dan Scanlon and Cassandra Farley, both senior associates with Colliers in New Hampshire, facilitated the sale.

Cotton Farm Village becomes Danville’s first resident-owned community

After two previous attempts, residents of Cotton Farm Village Cooperative in Danville have officially purchased their manufactured-home park, becoming New Hampshire’s 152nd resident-owned community (ROC). The milestone was celebrated June 14 with a ribbon cutting and community cookout.
“It’s been a long journey and it’s worth it,” said Guy Pichette, treasurer of the board of directors, in a news release. “We’re quite happy and we’re very thankful for all the support that everyone has given us.”
The 144-home community also includes two lots and 12 apartments. In a ROC, homeowners individually own their homes, while collectively owning the land through a nonprofit cooperative. The conversion was supported by the New Hampshire Community Loan Fund’s ROC-NH program and financed through its mission-driven lending model.