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

MVSB opens new branch, Savings Bank of Walpole announces one … and more
Cdfa Award

Enfield-based Visions for Creative Housing Solutions, an Upper Valley nonprofit providing affordable housing for adults with developmental disabilities and other disabling conditions, recently received $400,000 in tax credits from the NH Community Development Finance Authority to help fund its capital campaign to create permanent supportive housing for 12 adults. Shown at the award announcement are, from left, Katherine Easterly Martey, the CDFA’s executive director; Sylvia Kluge Dow, executive director of Visions for Creative Housing Solutions; and John Eller of Jeller Consulting.

The Savings Bank of Walpole is opening a new branch in Rindge as it seeks to grow its local footprint. The bank said it plans to open its seventh branch along Route 202 early next year, with work slated to begin on the new location this month. The bank will renovate a former GFA Federal Credit Union location at 31 Sonja Drive, making use of a drive-thru that already exists on the side of the building. The branch is expected to open in early 2023, according to a news release from Savings Bank of Walpole.

The newest branch of Meredith Village Savings Bank, at 21 Farmington Rd. in Rochester is now open. “We broke ground on the branch in late October and construction progressed close to schedule even with recent delays in some supplies and equipment,” said MVSB President Rick Wyman. Jolene Whitehead, branch and business development manager will head the team in Rochester, which also includes Julie Clement, who was recently promoted to vice president, business development and small business lender, Traynor Cully, commercial loan officer, and Nicole Ames, mortgage loan officer.

The iconic Library Restaurant, the downtown Portsmouth steakhouse operating inside the Rockingham House for nearly 50 years, has been listed on the market for $3.4 million. The landmark city business hit the market this week. The sale, which does not include the residences above the restaurant, includes its inventory, furniture, fixtures and equipment. Joe Leddy of Duston Leddy Real Estate in Portsmouth is listing agent for the property.

Maine-based Hammond Lumber Co. has acquired Brock’s Building Materials, a third-generation, family-owned company in Rochester. Hammond, based in Belgrade, Maine, is a fourth-generation, family-owned building material retailer established in 1953. With the acquisition, Hammond now has nearly 900 employees and 22 locations across Maine and New Hampshire, the company said in a news release. Brock, established in 1961 by Maurice and Anne Brock, has served the Seacoast and lakes regions of New Hampshire and southern Maine for more than 60 years. Hammond offered employment to all of Brock’s employees.

Matt Thomas, a mortgage loan officer for Merrimack County Savings Bank, has been named the 2021 Top Loan Originator among New Hampshire banks for the third year in a row. According to data collected by the Warren Group and published in the Registry Review, Thomas ranked first 1 statewide for both volume and number of loans. He also ranked first in southeast New Hampshire for both volume and number of loans. Statewide, Thomas processed nearly 300 loans totaling roughly $78,361,000. A majority of those loans were for real estate purchases in Southwest New Hampshire including includes Hillsborough, Merrimack, Rockingham and Strafford counties.

The site is the former Stratham Tire Retail Center in Laconia, which includes a 6,297-square-foot retail building and a 5,000-square-foot storage/warehouse building on 1.37 acres of land, has been sold. Jerry Hersch of the commercial division of Londonderry-based Tinkham Realty represented the seller, The Lionel R. LaBonte Revocable Trust, and assisted the buyer, Wesley Ray Drew. Sale price, according to the Belknap Registry of Deeds, was $925,000.

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