Vol.44, No.12
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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
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