The Registry Review: March 21, 2022

Page 1

Vol.44, No.12

www.thewarrengroup.com

W E E K O F M O N D A Y, M A R C H 2 1 , 2 0 2 2

THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group

WEEKLY SALES OF NOTE

GLOBAL REACH

Air Cargo Proposal to Connect Portsmouth with World

Rochester 717 COLUMBUS AVE. . . . . . . . . . . . . . . . . . . . . . . . . . $7,222,266 B: RFC MFC 717 Columbus Ave LLC S: 717 Rochester Hldg LLC Mtg: North Shore Bank $4,694,444 Use: Commercial Devlpble Land, Lot: 76666sf

Harts Location

Pandemic ‘Rewrote’ Logistics Market

1138 US ROUTE 302. . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Garg Acres LLC S: John E Upton Jr & Alison J Upton Mtg: Union Bank $1,937,500 Use: Mixed Use-prim Comm & Other, Lot: 113256sf

BY JAY FITZGERALD REGISTRY REVIEW STAFF

T

Manchester

he e-commerce boom during the pandemic has given a lift to the air cargo industry in general – and the prospect of a major air cargo facility at the Pease airport in particular. The Pease Development Authority recently granted the Kane Co. and PROCON Inc., two Portsmouth-area companies that have previously worked together on various projects, an exclusive 18-month option to explore the possible development of two parcels at the airport into major air cargo facilities. Kane and PROCON, via its TST Development unit, will analyze the potential demand for air cargo services at Pease, the size of possible new facilities, and likely tenants and “end users” of air-cargo operations at the former U.S. Air Force base, where the commercial side of the site is now officially known as Portsmouth International Airport. “We don’t know yet how much [space] might be needed,” said John Stebbins, managing director of PROCON, which has built aviation facilities in the past at Pease, Manchester-Boston Regional Airport and Hanscom Field in Bedford, Massachusetts. “We’re still in the very early stages of investigating. But we’re feeling very confident we can find the right end-users [for future air-cargo facilities].”

575 S WILLOW ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: 555 South Willow St LLC S: Stylianos Aggouridis Tr, Tr for Sea Management T

Pembroke 98 SHEEP DAVIS RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,400,000 B: SCF RC Funding 4 LLC S: Bow Junction Assoc Inc

Portsmouth 1800 WOODBURY AVE . . . . . . . . . . . . . . . . . . . . . . . . $2,025,000 B: H&H Portsmouth Prop LLC S: SGB&RGB Ventures LLC Mtg: Androscoggin SB $1,620,000

Sunapee 414 BAY POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: 414 Bay Point LLC S: Stephane Bancel Use: 2 Bdrm Cape Cod, Lot: 16117sf

Nashua 546 AMHERST ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,825,000 B: Buckley Amherst LLC S: Weston Assoc Dev Co Inc Mtg: Peoples United Bank $1,000,000 Use: Industrial Office Building, Lot: 139392sf

Danville SPRUCE VALLEY PARK L:1. . . . . . . . . . . . . . . . . . . . . $1,640,000 B: Spruce Valley Coop Inc S: Rising Tide LLC

Gilford 90 BLUEBERRY HILL LN. . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Andrew Schrage & Carly Schrage S: 812 Fincl Services LLC

Lyndeboro 120 BALDWIN HILL RD. . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Laurie M Mazzola S: Carol A Scionti Tr, Tr for Cristofono Family ReT

7000 7,000

7000

6000 6,000

INDEX Belknap �������������������������� 03/04/22 Carroll ���������������������������� 03/04/22 Cheshire ������������������������ 03/04/22 Coos �������������������������������� 03/04/22 Grafton ���������������������������� 03/04/22 Hillsborough ������������������ 03/04/22 Merrimack ���������������������� 03/04/22 Rockingham ������������������ 03/04/22 Strafford ������������������������ 03/04/22 Sullivan �������������������������� 03/04/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

3000 2000 1000 0

Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb.

2,000 2000

Continued on Page 12

Want to see your news Both featured in a Refinance future issue of Purchase The Registry Review?

1,000 1000

00

Feb. March Mar. April Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Feb. ’21

’22

6000 6,000

BothMonth

Both

5000 5,000

5000 4000 3000

Refinance

Refinance

1000

Feb. 19

Feb. 20

Purchase

Refinance

Both

Feb. 2018

573

1,360

1,933

Feb. 2019

639

1,241

1,880

2000 2,000

Feb. 2020

611

2,354

2,965

1000 1,000

Feb. 2021

634

4,894

5,528

Feb. 2022

473

2,684

3,157

Purchase

4000 4,000

2000

Feb. 18

Purchase

4000

3,000 3000

6000

0

Refinance

5000

4,000 4000

TRANSACTIONS THRU

Both

6000

5,000 5000

REAL ESTATE RECORDS

3 3 4 4 5 5 7 7 8 9 10 10 10 10

likely won’t be in the range of 300,000 to 400,000 square feet, as indicated in the development team’s filings. Stebbins and Michael Kane, chief executive of Kane Co., stressed their development team was merely suggesting the maximum amount of space that could be built on the two airport sites in question – and they acknowledged the final sizes of buildings will likely be smaller than early plans indicate. The new Pease aircargo study isn’t without some controversy.

Number of Mortgages for Single-Family Homes

162 CASTLE SHORE RD . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Jean King & Pete King S: Gerald A Burke Tr, Tr for 162 Castle Shore Road RT Mtg: Granting Hands LLC $1,500,000 Use: 3 Bdrm Raised Ranch, Lot: 26572sf

COUNTY

One thing is clear: Any new facility, or facilities, likely won’t be as large as suggested in preliminary plans filed by Kane-PROCON with the Pease Development Authority. Paul Brean, executive director at the Pease Development Authority, said a number of site requirements – such as building setbacks, roadway entrances and exits and parking lots – will undoubtedly lead to “much smaller buildings than people think.” He declined to say how big any eventual air cargo facilities might be, but he said they

NEW HAMPSHIRE MARKET STATISTICS

Moultonboro

PG

With its 2-mile-long runway and proximity to Boston, Pease International Airport offers a tempting location for international logistics firms.

Purchase

3000 3,000 Feb. 21

Feb. 22

00

Feb. 18 Feb.

Feb. Feb.19

’18

’19

Feb. Feb.20

’20

Feb. Feb.21

Feb. Feb.22

’21

’22

❑ Statistics based on single-family home sales ❑ Source: The Warren Group

©2022 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

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The Registry Review: March 21, 2022 by The Warren Group - Issuu