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

Big industrial building sale includes two NH properties … and more
Renee Eldon Hanging State Certificates

Executive Director Renee McAllister and project manager Eldon Munson display the Bowman Place at Olde Bedford certificate of occupancy to celebrate the official opening of the 95,000-square-foot, 105-unit new senior living community in Bedford. Amenities include a café/pub, activity rooms, library/reading room, fitness room, a creative art studio, game rooms and other common area spaces.

Homeowners in Paradise Ridge Mobile Home Park, Raymond have purchased their 40-unit manufactured-home park, making it New Hampshire’s 135th resident-owned community, or ROC. Using training and technical assistance from the New Hampshire Community Loan Fund’s ROC-NH program, homeowners organized and formed Paradise Ridge Cooperative last September. The cooperative then negotiated with the park’s owners, Albert and Joyce Witham, reached a $2 million purchase price, and finalized the deal March 26 with financing from Cambridge Trust and the Community Loan Fund. Paradise Ridge Cooperative is Rockingham County’s 23rd ROC. Those communities contain 1,458 affordable homes.

Nine industrial buildings in Massachusetts and New Hampshire totaling 700,000 square feet have been sold Boston-based real estate investment firm BentallGreenOak. The nine-building portfolio includes two buildings in Londonderry at 34A and 34B Londonderry Rd. – as well as four buildings in Wilmington, Mass., and three in Billerica, Mass. A CBRE team led by Chris Skeffington and Scott Dragos represented the seller, Novaya Real Estate Ventures, and also procured the buyer. At the time of sale, the portfolio was 94% leased to a diverse roster of tenants including Symbotic, Conformis, Locus Robotics and Lindenmeyr Munroe, among others.

Deanna Caron of Stebbins Commercial Properties has announced the sale of the former Howes Pharmacy building at 39 Main St., Goffstown, for $275,000. The 2,016-square-foot building was sold to Richard Thomas. Thomas, a CPA whose office is currently located at 20 Main St. plans to move to the new location this summer.

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