15 March 2019
NHCIBOR, New Hampshire Commercial Investment Board of Realtors
Minutes of Seacoast Marketing Session, which occurs every third Friday of every month.
Third Floor Conference Room, One New Hampshire Avenue
Pease International Tradeport, Portsmouth, New Hampshire
Thank you to Two International Group for providing this meeting space!
John Hall, Laraine Hults, and Ute Luxem with Profile Bank were this month’s sponsor and we thank them for the delicious breakfast provided. Profile Bank is a state chartered member bank which dedicates itself to serving the needs of the area in the form of full family financial planning and services. As the name implies, a broad range of savings plans are available to the general public. Funds generated from savings deposits are invested locally in the form of mortgages on residential real estate and a full range of family financial services such as home improvement loans, line of credit loans, automobile financing, mobile home lending and various other types of local investments.
Cash Buyers
Bob Marchewka with One Commercial Real Estate has a cash buyer looking for a 5k sf building in Kittery, ME. Preferably on RTE 1 and off the I-95 corridor.
Andy Ward with Colliers International is working with a cash buyer that is a medical group looking to relocate to Portsmouth. They are looking for 3-4 acres of land and visibility is an important element.
Nicole Canavan with Berkshire Hathaway Verani Realty has a cash buyer looking for 5+ multi-family units in Manchester.
Jay Lee with Berkshire Hathaway Verani Realty has a cash buyer looking for sites that can be used for redevelopment, office space, and retail stores.
Ethan Ash with KW Commercial has cash buyers looking for a redevelopment site preferably to be used for residential or mixed use. They are willing to spend anywhere from 10-15 million.
Caitlyn Burke with The Boulos Co. has a cash buyer who is looking to start a new restaurant in the Dover, Portsmouth, and Newington area. They prefer to own the building, rather than leasing it.
Lindsey Goodrich with Berkshire Hathaway Verani Realty has cash buyers looking for investment properties in Southern, NH.
Tom Duffy with Berkshire Hathaway Verani Realty has cash buyers looking to buy multi-family units anywhere up to 5 million. The cash buyers also prefer the Seacoast area.
Romeo Danais who is an independent realtor is a cash buyer looking for an industrial building in southeast NH.
Mark Devins with KW Commercial has a cash buyer looking for 3+ units in Newington.
Bob Baroody with Baroody Real Estate has a cash buyer looking to spend up to 2 million on an industrial building.
Lisa Reehl with Keller Williams Commercial has a couple of cash buyers. The first is looking for an industrial building with a 10 bay garage. The second cash buyer is looking for anywhere between 3-15 multi-family units in Newington.
Bill Jean with Fulcrum Associates has a cash buyer looking to buy multi-family units anywhere between 20-100 units.
Abby Morneault with Colliers has a cash buyer looking for 10-15k sf industrial building in Portsmouth or Dover. Also, another client looking for a small office space in Exeter or Stratham anywhere from 750-1000 sf.
John Kelley with John Kelley Broker has 2 cash buyers looking for small strip malls anywhere from 2-6 million.
David Choate with Colliers has cash buyers looking to strictly purchase 15-20k sf of industrial space in the greater Dover area.
Announcements
– Statewide version of this marketing meeting is 3/27 in Bedford.
– March 25th is new member orientation.
– Next Seacoast NHCIBOR meeting will be Friday, April 19th, from 8:30- 9:45 am.
– Next month’s sponsor will be Barbara Lizotte with Tobey & Merrill Insurance
***Check NHCIBOR Calendar for all information pertaining to upcoming events***
Listings
Bob Marchewka with One Commercial Real Estate has 2 listings in Dover that are both office spaces. One of the spaces is 2k sf and the other is 10k sf.
Andy Ward with Colliers International has a listing that is an office/condo space that is 5k sf in downtown Portsmouth. The place is fully furnished and has a kitchen. It is valued at $20 triple net or sale price of 2 million.
Russ Doyle with Two International Group has a company (Medtronic) would be leaving 180 International Drive but still has significant term left on their lease, but we can certainly talk to companies that might be interested in the 57,000 sq ft building with room for expansion.
Nicole Canavan with Berkshire Hathaway Verani Realty has a listing out in Chichester NH that is on 7.4 acres of land. The property is valued at 4.25 million.
Jay Lee with Berkshire Hathaway Verani Realty has a 2-acre site that is in a 10-mile radius of Manchester. The building is 1,300 sf and has over 17,000 cars a day drive by.
Ethan Ash with KW Commercial has an 11 unit listing in Rollinsford, NH. 9 of the units are residential and 2 are commercial.
Caitlyn Burke with The Boulos Co. has a listing for 6 acres of land available in Newmarket valued at $599,000.
Lindsey Goodrich with Berkshire Hathaway Verani Realty has a redevelopment site in Nashua. It is on 536 Amherst Street and is 17k sf.
Tom Duffy with Berkshire Hathaway Verani Realty has a listing for a 24k sf investment property out in Hooksett, NH. It is currently listed at $1.92 million.
Laura Fargo with Bow Street Commercial Brokerage has a listing for 3k sf of office space in Portsmouth. Additionally, a listing in Milford that has 500 feet of visibility of RTE 101. She is looking to connect with hotel owners.
Romeo Danais who is an independent realtor has a listing for 29k sf of industrial space. Also 109,000 sf of empty space which was formerly a BJ’s.
Bob Baroody with Baroody Real Estate has a listing for a car shop that is 4,800 sf and has 3 lifts.
Michael Whitman with Bangor Savings Bank has a listing for 2 units at the Kittery Outlets.
David Choate with Colliers has a listing in Dover, which was the former Strafford County Court House. The building is 23k sf and they are trying to tear it down to put up 71 units. An adaptive reuse of the existing building is preferred by many residents. The asking price for the “as is” building is $2.0M and the asking price for the to-be-approved new building is $2.5M. This is a massive project in downtown Dover.
Haves, Wants, & Affiliates
Christopher Mark with Restore My Floor wanted to share big news that the Boston Red Sox are one of their new clients.
Nathan Coese with Make a Difference Landscaping offers landscaping, irrigation materials, lighting, and property maintenance.
Jason Settineri with Build It Construction delivers expertly planned interior renovations for both privately and publicly held companies.
Chris Kelly with Red Thread has a couple hundred lines of furniture.
Vince Chestnut with Alpha Locksmith brings professional security to your home or business. He wanted to remind everyone “Doors can exist in more states than merely open or closed, and even in the meaning of an open or closed door is not constant. Doors can function as a ‘communication system’ and door position is a communicator of socializing intent. For example, holding the door is a particular sign of respect. A door that is intentionally left open is seen as a gesture of hospitality, or an invitation. Whereas the term ‘open house’ describes an exception to the rule: Most of the time the building is closed, but upon certain occasions the door is left open. Open doors or closed doors, Alpha Locksmith can help you make your statement with locks and keys that work. 603-489-3622”
Caitlin Desoye with UNH + Baystate Financial teaches real estate classes at UNH. She is looking for interns interested in the real estate industry.
Marie Bodi with CP Management provides a comprehensive level of service with over a century of combined experience in various disciplines, including property management, construction management, development, maintenance, and in-house asset management. She always wanted to mention to see Russ Doyle regarding membership information.
Scott Kingsley with Primary Bank provides commercial, industrial, and residential loans.
Kevin Raymond with Optima Bank would like people to know he does a lot of financing for hospitality or commercial lending, and has plenty of cash to loan.
Steve Mangekian with Alpha Building Inspections thanks people for the referrals he has received. Also, Alpha Building Inspections will be providing a new way to sign-in for the Seacoast CIBOR meeting.
Chris Ratte with Shaheen & Gordon is an attorney at law, and is admitted in NH + ME.
Marie Degulis with Secondwind Water Systems deals with water quality issues for all types of properties. She wanted to mention she does a lot of water quality treatment for gas stations.
Sarah Mortimer and Gina Fulginiti with Office Resources is a leading Knoll Dealer focused on delivering creative, highly functional and productive workspaces for their clients. They have offices in Portland, Maine and Portsmouth, NH.
Al Silva with Silva Graphics is serving the New England area with more than 20 years experience in the sign industry. They were recently voted the region’s #1 sign company of 2018!
Joe Cunningham with Cunningham Insurance wanted to tell people they run numbers for clients working with new properties. Also, existing clients shopping for a new insurance plan are always welcome as well.
Daniel Bellone and Sarah Flanagan with Creative Office Pavilion have over 260 employees that have countless interests and strengths.
Erin Pike with St. Germain Collins is a scientist, Environmental Project Manager and Lender Services Manager on the St.Germain Collins team. She works with a lot of petroleum-based companies so she can help assist any realtors who work with clients buying gas stations. Also she works with a lot of lenders.
Dylan Cruess with TFMoran Engineers provides full service developmental for retail, industrial, energy, office, institutional, and residential properties. They were awarded best engineering company for the 7th straight year!!
Kate Bristol with NewVo Interiors provides unique office interior consulting. Check out their website for new products and to sign up for deals.
Lisa Reehl with Keller Williams Commercial is looking for contractors to build garages or redevelopment projects.
Joseph and Perry with GCS Services provide landscaping, design, irrigation, and snow management services. They are looking to expand more into commercial landscaping and snow removal.
Erik Kizak with SFC Engineering is a project manager. He is wondering if anyone knows someone who can do an energy audit for a church.
Ryan Theil with A1 Exterminators wanted to mention that, with a new Spring season approaching, to be on the look out for bed bugs, ticks, and mosquitos.
Barbara Lizotte with Tobey & Merrill Insurance will be next month’s breakfast sponsor for this CIBOR marketing meeting!
Brandon Weber with ARK 3CD Design Group has diverse experience in the full life cycle development for quick serve restaurants, telecom developments and field deployment for LOT Programs.
Pam Bishop with Federal Savings Bank wanted to inform CIBOR members they will be changing the company name to “First Seacoast Bank”.
Note from Petie Cummins: These Minutes are what I understand people to have said at this meeting. Please contact people referenced to verify and clarify.
Next Meeting is 8:30 – 9:45 am on the third Friday, 19 April 2019, in the Third Floor Conference Room of Two International Group’s Building at One New Hampshire Avenue, Portsmouth, New Hampshire, Pease International Tradeport.
Barbara Lizotte with Tobey & Merrill Insurance will be the breakfast sponsor.