People and Property: Real Estate and Construction News From Around NH
Selectwood acquired by Maine company, North Branch completes homeless shelter projects in New Hampshire … and more
Specialty building products distributor Selectwood of Portsmouth has been acquired by Eldredge Lumber & Hardware Inc., which operates a chain of six hardware and lumber locations around Maine. Selectwood, founded in 1982, operates out of a 70,000-square-foot facility and serves custom home builders and remodelers from around New England as a distributor of high-grade cedar, mahogany, ipe, redwood, Douglas fir and high-end composite building materials and hardware. The transaction was handled by Peloton Advisory LLC.
TFMoran has made another $5,000 contribution to the New Hampshire Children’s Scholarship Fund to help families. TFMoran’s chief operating officer, Dylan Cruess, presented the check to Kate Baker, executive director of the fund, which provides financial assistance to low- and moderate-income families to help their children attend K-12 schools that best fit their needs.
Parcel Room, a pack-and-ship business at 1465 Woodbury Ave., Portsmouth has been sold by Jeff Ballantyne to Ryan Boccelli and Jason Newman. Boccelli is the owner of Rate Liner, which focuses on warehousing, fulfillment and transportation services. The transaction was brokered by Ed Settino, a business broker with New Hampshire Business Sales Inc., Pembroke. Financing was provided by The Provident Bank.
North Branch Construction recently completed renovation projects at two facilities owned and operated by Families in Transition-New Horizons in Manchester, made possible by funds received through the CARES Act. The project included moving the organization’s food pantry from 199 Manchester St. to a new property located at 176 Lake Ave. across the street from the organization’s Family Emergency Shelter located. The former food pantry area at 199 Manchester St. was renovated to create additional sleeping quarters for individuals experiencing homelessness.
Giuseppe Granara has joined TFMoran as a survey field technician in the Bedford office. Granara recently graduated from the University of Massachusetts at Lowell where he earned a bachelor of science degree in civil engineering. Also at TFMoran, Julia Chartier has joined the firm as an administrative assistant and marketing assistant in the Bedford office.
Concord-based Capital Regional Development Councilrecently assisted in the financing of Angela’s Pasta and Cheese Shop in Manchester. Angela’s, in business for four decades in Manchester, offers a selection of imported Italian foods, wines from Italy and California, a diverse cheese bar, Italian deli meats, fresh pasta-cut to order, fresh and frozen meals and gift baskets. CRDC facilitated the purchase and sale of both the property and the business with Primary Bank.
Fulcrum Construction, Amherst, has begun work on renovating the former Brookstone Events & Golf in Derry, which was acquired late last year by winemaker Amy LaBelle and husband Cesar Arboleda, co-owners of LaBelle Winery in Amherst and Portsmouth. The facility, to be known as LaBelle Winery Derry, is being remade into a wedding and event center. Design is by architect Peter Niemitz of the Niemitz Design Group of Boston. Renovations are expected to be complete in April.
Palmer Gas & Oil has broken ground on a propane storage facility in Somersworth. The company already has storage facilities in Atkinson, North Hampton and Raymond.
SurgCenter Development, a national developer of ambulatory surgical centers throughout the U.S., has announced plans to open a fourth facility in New Hampshire, at 2 Market Place in Hollis in the spring. The 7,630-sq.-ft. Lighthouse Surgical Suites will be SCD’s fourth development in New Hampshire.
Nobis Group has added two new associates: Brett Kay, director of civil engineering services, and Jennifer Lambert, senior hydrogeologist. Kay has been with the firm for 18 years and Lambert has 17 years of experience.