Tax increment financing proposed for Newington shopping center
A financing arrangement proposed for Newington shopping center is widely used in NH
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Colliers, a global leader in commercial real estate services, recently announced the investment sale of a 45,600-square-foot, multi-tenanted office building on 3.94 acres at 7 Henry Clay Drive in Merrimack, NH.
This two-story building is about 78 percent occupied by two long-term tenants, Clark & Lavey Benefits Solutions and Gate City Charter School.
Laura Nesmith, Andrew Robbins and Bob Rohrer, all of Colliers’ Manchester office, represented the seller, Adamian Construction and Development Corporation, and procured the buyer, Whiting Building, LLC in the 1031 exchange. According to the Hillsborough County Registry of Deeds, the sale price was $3.75 million.
A financing arrangement proposed for Newington shopping center is widely used in NH
Recent reports show that the conversion of office space to residential units drove the commercial market last year
A judge has dismissed a lawsuit filed by more than 70 Hampton taxpayers who argued the town’s 2024 revaluation — which led to increased tax bills — was conducted unfairly and unlawfully.
Torrington Properties and Newington officials are discussing the creation of a tax increment financing district at the site of the soon-to-be-razed Mall at Fox Run, where the company is preparing to construct the new Seacoast Landing shopping district.
The state Senate Finance Committee voted along party lines January 13 against a bill that would give Nashua $20 million to purchase the former site of Daniel Webster College. Four Republicans voted in favor and two Democrats against.
Ground has been broken at The Woodlands at Mountain View Farm, a residential community located off Fairgrounds Road in Plymouth, NH.
Legislature also wrestles with the Business and Enterprise Tax, which has a direct effect on state revenues, and as it looks at how Meals and Rental Tax revenue is distributed and whether there should be an additional “Pillow Tax” on rentals
A state-run program that encourages communities to add much needed housing in New Hampshire, already defunded in the current budget, is on the precipice of disappearing altogether. The House Committee on Housing voted 10-8 on Jan. 20 to repeal the so-called Housing Champions program administered by the NH Department of Business and Economic Affairs.
It’s been a year since a Chinese water and beverage bottling company purchased commercial property in Nashua. Not much more is known now than it was then about the company’s intentions for the 337,391-square-foot building on 23 acres at 80 Northwest Blvd., purchased Jan. 31, 2025 for $67 million by a subsidiary of Nongfu Spring, a giant Chinese bottled water and beverage company.