Window of Opportunity? We Can Bring the Best Options Into View

Back Cover April 23-29, 2021 New England Real Estate Journal nerej.com

Window of Opportunity? We Can Bring the Best Options Into View. Uncertainty brings its own set of prospects. It takes a certain vision to see all the possibilities, and to anticipate any quandaries. At Fletcher Tilton, our experience and expertise provide the clarity you need so you’ll be ready when that next window of opportunity opens up.

Mark L. Donahue, Esq. Todd E. Brodeur, Esq. 508.459.8029 508.459.8038

Real Knowledge in Real Life

WORCESTER | FRAMINGHAM | BOSTON | CAPE COD FletcherTilton.com | 508-459-8000 April 23-29, 2021 USA $3.95

October 18-24, 2019 USA $4.95

IQHQ and Meredith Management begin construction on $1billion Fenway Center ProjectThe Davis of the Companies Month securesCDE PAGES 75,118 13-15B s/f in leases at two properties

Project of the Month Urban Spaces and Diamond Sinacori NE PAGES 8-9A break ground on $20m downtown Pugliese Contracting Salem condominium complex - BRIX completes 25,000NE COVER A s/f NE PAGE 8A CT COVER C Feature of the Month manufacturing facility in NE LOWER COVER A CDENE PAGEPAGES 6A 10-11B Billerica for Markforged JLL Capital Markets represents PGA Realty in Dacon to create $44.25 million sale a 121,800 s/f

NE PAGE 9A new facility for Stubblebine Company Edwards Vacuum sells six industrial buildings in BillericaCDE COVER B Cuzzocreo of Pearce Real Science of play – meet forPipefitters $11.935 million Local 537 honored for Estate closes $5m sale the new 130,000 s/f fostering diversity and inclusion of three properties Boston Sports Institute nerej.com ThisThis Week’s Week’s Sections Sections ComingSpotlight May 28! ComingSpotlight April 30! FrontFront Section Section Sign up for Daily RE Cap! Construction, Design Ones to Watch New England Visit nerej.com/newsletter Billboard/Auctions& Engineering ColumnistColumnist AppraisalCommercial Real Expo Estate Connecticut NobleNoble Allen Allen Volume 6058 • Issue 4216 Billboard/Auctions SpotlightCDE PAGES 7-18B Semi-AnnualSECTION DGuide

Paving Concrete Work Seal Coating Pulverization/Milling Crack Sealing Parking Lot Reconstruction Asphalt Repairs Tennis Court Line Striping Asphalt Contractors • 508-898-9293 • www.rlgpaving.com Recreation Surfaces Inside Front Cover April 23-29, 2021 New England Real Estate Journal nerej.com OFFICE SPACE FOR LEASE 1 Innovation Way, Merrimack, NH

LEASING OPPORTUNITIES AVAILABLE: +/-15,000 SF AND UP

This newly renovated building masterfully pairs a prestigious corporate image with a campus styled setting. A stunning glass entrance segues to the modern grand stairway, featuring cathedral ceilings, oversized windows, open concept floor spaces, and executive offices, as well as conference and board rooms. With plenty of parking - it is perfect for your company headquarters!

FEATURES CONTACT US Convenient access to major highways FOR A TOUR TODAY! Abundant parking CHARLES PANASIS Minutes from world-class shopping (603) 799-6926 Virtual tours available [email protected]

JAMES TOBIN PROPERTY INFORMATION (603) 315-4668 Building Size: ±105,000 SF [email protected] Land Area: ±11.50 acres Year Built: 2004 DEREK LAWTON Number of Stories: 3 (978) 319-2508 [email protected] Elevator(s): 2 Parking: 359 JAMISON BIBAUD (603) 716-6652 [email protected]

bradysullivan.com nerej.com New England Real Estate Journal April 23-29, 2021 Inside Back Cover

CONSTRUCTION. MANAGED.

FULCRUM PRE-CON® CONSTRUCTION MANAGEMENT DESIGN - BUILD

CONNECT WITH US!

5 Tech Circle | Amherst, NH 03031 | 603.673.3200 | fulcrum-nh.com DOES YOUR COMPANY OFFER SERVICES RELATED TO COMMERCIAL REAL ESTATE? GET CONNECTED!

CLAIM YOUR LISTING IN THE NEW ENGLAND REAL ESTATE JOURNAL CONNECT DIRECTORY

NEREJ Connect Directory is the go-to resource for those in the CRE space to find professional services. This is your opportunity to get connected!

Reach 33,000+ Targeted Monthly Web Visitors Looking for Your Services

Get a Full Custom Listing for Your Company or Business

Get a Full On-Page Archive of Your NEREJ News Stories GET YOUR Get Direct Links to Your Company Website and Social Channels COMPLETE CUSTOM LISTING FOR ONLY: Get Inbound Links to Your Website in Your NEREJ News Stories $ 95 /mo

GET UP AND RUNNING WITHIN 24 HOURS. email: [email protected] April 23 - 29, 2021 Volume 60 • Issue 16 Quick Read JLL Capital Markets reps PGA Realty in $44.25 million sale

A LIFE SCIENCE CAMPUS TO BE BUILT OVER THE MASS. PIKE IQHQ and Meredith Mgmt. begin construction on $1b Fenway Center SEE PAGE 6A BOSTON, MA IQHQ, Inc., a premier Fenway Center project is directly The Davis Cos. life sciences real estate development adjacent to the Lansdowne Commuter company and local co-developer Rail Station, as well as the Kenmore secures 75,118 s/f Meredith Management, began con- Sq. and Fenway Green Line Stations, struction on the $1 billion Fenway which will provide future lab and in leases at two Center development, a life science office workers with easy access to properties campus that will anchor a growing public transportation. life science district between Kenmore Fenway Center will also feature Sq. and the Longwood Medical and 1.6 acres of landscaped green space Academic Area. The project will be that will be called Life Science Park: situated on an air rights deck over the A Monument to Life Sciences and Mass. Pike connecting the Beacon Public Health. The Park will connect St. and Brookline Ave. bridges at Brookline Ave., Lansdowne Station the western gateway to the city, and and Beacon St., and it will feature it will improve pedestrian connections art and exhibition spaces dedicated between the Longwood Medical Area to the history, achievements, heroes and the historic Audubon Circle, Fen- and consequential impacts of the life way, Kenmore Sq., Boston University sciences and public health sectors. and Back Bay neighborhoods. For full story visit nerej.com Once completed, Fenway Center will include a new two-tower, inter- connected life science campus with LOCATED IN BROADWAY BUSINESS PARK ON CREEK BROOK DR. access to public transportation and SEE PAGE 5A amenities. It is adjacent to BOWER, a new 312-unit luxury apartment complex that contains 38,000 s/f of Dacon to create a 121,800 s/f Griffin Electric amenity-oriented retail, the Lans- downe MBTA Commuter Rail Sta- new facility for Edwards Vacuum celebrates tion, Fenway Park and the Lansdowne inaugural Entertainment District. HAVERHILL, MA Dacon Corp. is cre- The project design, which was ating a 121,800 s/f new facility for graduating class approved by the city last year, features Edwards Vacuum, a developer and more than 960,000 s/f of life-science manufacturer of sophisticated vac- of Wentworth buildings with 10,000 s/f of ground uum products, exhaust management associate’s degree floor retail along Brookline Ave. and systems and related services. This Beacon St., along with an automated building is in response to Edwards’ program garage that will be accessible from acquisition of Brooks Automa- both buildings. tion, thereby expanding the firm’s “Fenway Center creates a direct technology offerings within the connection between premier life sci- semiconductor and general vacuum ence, research, academic and medical industries. districts at the gateway to Boston. It Located in the Broadway Busi- also reunites several of Boston’s icon- ness Park on Creek Brook Dr., the ic neighborhoods after more than 100 facility’s anticipated completion is years of separation caused by railroad in the second quarter of 2022 and tracks and the Mass Pike,” said John is expected to bring 200 jobs to Bonanno, chief investment officer of the area. Cummings Props. appoints Halsey as leasing manager IQHQ. “Fenway Center will be the The design of this two-story WOBURN, MA Full-service commercial 160 client firms and recently set a gateway to the Longwood Medical LEED facility centers on four func- real estate firm Cummings Properties departmental record for the most new Center and act as a prominent catalyst tional domains – manufacturing, has appointed John Halsey as its leases signed in a single year. SEE PAGE 10A for Boston’s rapidly growing life sci- labs, offices and warehousing. The leasing manager. Halsey will oversee “John has demonstrated impressive Editorial Page...... 4A ence sector that will serve the needs largest portion of the first floor – the company’s business development business acumen,” said Cummings of future tenants with collaborative 70,000 s/f – centers on manufactur- efforts across 10 of the 11 suburban president Eric Anderson. “His con- N. Allen...... 4A workspaces teaming with top talent, ing, alongside warehouse/storage, communities in which it operates. scientious, strategic approach to Referral Network...... 9A and access to world-class entertain- R&D labs, a training room, cafe- Halsey joined Cummings in 2016. sales and relationship management Thru the Lens...... 10A ment, amenities, residential space and teria, fitness area and bike storage. As an account manager, he developed will help us tap new markets as well Billboard/Auctions...... 12-17A public transportation.” Offices, conference rooms and an relationships with existing leasing as expand the significant business, Considered a model transit and observation room will be situated clients and cultivated new client pros- science, technology, and medical nerej.com sustainable energy-oriented devel- in the mezzanine area. pects. Initially assigned 10 accounts, clusters present throughout our opment, the Gold LEED certified For full story visit nerej.com he steadily amassed a portfolio of portfolio.” Inside Cover A April 23 - 29, 2021 New England Real Estate Journal nerej.com Peabody Works! Centennial Park | Peabody, MA | www.PeabodyWorks.com

In the heart of the North Shore at the junction of Route 128 & I-95, with easy access to Boston & Logan International Airport

Centennial Park | Peabody, MA 17 Miles to Boston

128

Exit 28

First-Class Medical, Office, R&D, & Manufacturing Spaces Available!

1 Corporation Way 2 Corporation Way 2 Technology Dr. 4 Technology Dr. 17 Centennial Dr. First-Class Office, R&D First-Class Office First-Class Office, Flex First-Class Office, Flex First Class Medical, Office. Potential for Ground-Up Build-to-Suit About Centennial Park: The North Shore’s premier business park, Centennial Park in Peabody, Massachusetts is where first-class office users work side-by-side with R&D, technology, manufacturing, and healthcare professionals. The park is strategically located at the crossroads of Route 128, I-95 and Route 1, and is only 17 miles to Boston and Logan International Airport.

Connect with Combined Properties on Facebook & Twitter. Visit our website at www.combinedproperties.com.

Contact: Greg Regazzini, SVP, Director of Leasing | Combined Properties, Inc. | [email protected] | ph: 781.321.7800, ext. 318 Visit www.combinedproperties.com & www.peabodyworks.com

Combined Properties, Inc. | 295 Canal Street, Suite 500 | Malden, MA 02148 | 781.321.7800 | www.combinedproperties.com nerej.com New England Real Estate Journal April 23 - 29, 2021 1A

MarcusMillichap.com FEATURED 1031 OPPORTUNITIES

Laurie Ann (L.A.) Drinkwater, CCIM Seth J. Richard Senior Vice President Investments First Vice President Investments Senior Director, Retail & Net Lease Divisions Senior Director, Retail & Net Lease Divisions [email protected] [email protected] Boston | (617) 896-7230 Manhattan | (212) 430-5164

RESULTS MATTER

1,000+ $6 BILLION+ TOP RANKED TRANSACTIONS IN 44 STATES IN RECENT TRANSACTIONS INDUSTRY LEADING FIRM

HORVATHTREMBLAY.COM

KinlinGroverCommercial.com

Swansea $UponRequest Brewster $3,490,000 HarwichPort $2,999,000 Hyannis $1,950,000 Recently renovated, flexible size of space Multi-Use/high visibility: 15.15 acres partially 135 seat restaurant w/2 bars, 5 B&B rms/3 apts Fully leased 2-story medical office building. available for lease, 4000 sf to 16,500 sf. cleared, w/comm bldgs, farmland/Call on 6.5 acres. Owners may help finance. Excellent investment. Cap rate 6.88. Ben Edgar 508.776.2635 NatSantoro 508.240.0334 NatSantoro 508.240.0334 John Callahan 508.737.1322

West Yarmouth $1,495,000 Chatham $1,399,000 Mashpee $819,000 DennisPort $774,900 Multi-tenant 15,930 SF retail building, high Business & RE: Established fitness club w/lap 2,700 sf retail, near Mashpee Rotary. 2,400 Mixed use: 3280 sq ft warehouse 2 bays, 2 one visibility, ample parking, 2.1 acres. pool, classes, wellness/medical suite. Call. lower level walkout w/ loading area. br apts & 1500 sq ft office/Call for details. Ben Edgar 508.776.2635 NatSantoro 508.240.0334 John Callahan 508.737.1322 NatSantoro 508.240.0334 Ben Edgar 508.776.2635

DennisPort $749,000 SouthDennis $399,000 Orleans $369,000 Bourne $239,000 or Lease $14/sf/yr Mixed Use: 5600+- sq ft retail w/2 br apt: Business only/distributor of quality Cape Cod Retail/Office: Renovated freestanding commercial Well maintained retail/office plaza in great downtown, Opp Zone/possible lease purchase. souvenirs, maps & more/Financing options. condo in town center/some financing. location. Easy access to Route 28. NatSantoro 508.240.0334 NatSantoro 508.240.0334 NatSantoro 508.240.0334 Ben Edgar 508.776.2635

Mashpee $149,000 Wellfleet $1,500/N Falmouth $12/sf/yr Marstons Mills $1,500/mo + CAM & util 2,919 sf office condo in Shellback Place on For Lease: 650 sqft of seasonal retail space in Highly visible 1st floor location open format, 1,350 sq ft 2nd floor office, 4 offices, kitchen & Barnstable/Mashpee town line. 2nd floor unit. downtown Wellfleet. Call for details. large room & three private offices. bath. $1,500/mo + CAM & utilities. John Callahan 508.737.1322 NatSantoro 508.240.0334 Ben Edgar 508.776.2635 John Callahan 508.737.1322

A Consultative Approach to Commercial Real Estate and Businesses 4A April 23 - 29, 2021 New England Real Estate Journal nerej.com

Noble Allen Real Estate Ensuring the enforceability of a guaranty after the breach of the underlying lease David Sullivan, x210 David Denelle, x283 John Picard, x250 Consider this not too unfamiliar Chief Financial Officer General Manager President scenario in the age of COVID-19: Five [email protected] [email protected] [email protected] years ago B.C. (Before COVID), the Patty Colman, x251 tenant, a limited liability company, Roland Hopkins Karen Dowell, x254 Publishing Director signed a 10-year lease. By all ac- Founder Senior Vice President counts, both parties to the lease not [email protected] [email protected] only expected the tenant to crush it Jeff Keller x244 Mike Campisi, x284 Rocco Laugelle, x241 through the initial term, but they also fully expected the tenant to at least Publisher Publisher Associate Publisher exercise the first of its two five-year [email protected] [email protected] [email protected] extension options. That was five years Phone: 781-878-4540 | Toll Free: (Outside Mass.) 1-800-654-4993 ago. Then COVID-19 hit. The tenant Contact: tried to make a go of it, but was soon Section Publishers Contact: overwhelmed by state-mandated Billboard, Auctions, & Classified ...... Karen Dowell, x254, [email protected] Jim:Jim: [email protected] [email protected] 617-429-7990617-429-7990 closures, lockdowns, and restrictions Connecticut ...... Mike Campisi x284, [email protected] that completely decimated its business. Construction, Design & Engineering ...... John Picard, x250, [email protected] Nicole:Nicole: [email protected] [email protected] 781-871-7280781-871-7280 This tenant could have been a restau- Financial Digest ...... Jeff Keller, x244, [email protected] rant, a gym, or a high-end fashion Massachusetts ...... Patty Stone-Colman, x251, [email protected] boutique on Main Street. Sadly, the Northern New England ...... Patty Stone-Colman, x251, [email protected] tenant was forced to shutter because Owners, Developers & Managers ...... John Picard, x250, [email protected] Rhode Island ...... Karen Dowell, x254, [email protected] NE NY Tel: 781-878-4540 it was in no position to pay its rent, its employees, or its vendors. Retail ...... Mike Campisi x284, [email protected] PROOF REAL ESTATE JOURNAL Spotlights ...... Patty Stone-Colman, x251, [email protected] It turned out that the lease was Changes New Proof Proof Approved secured by a personal guaranty. Long Size: 2x4 Section: NE ROP before the lease was executed, the Section Schedules

MetalFrom: JP Stud Framing crop 2” landlord had performed its own due Week 1 Week 2 Week 3 Week 4 diligence on the financial strength Northern New England Rhode Island Construction, Design Retail Run Date: 05/21/21 of the guarantor, who had enough Owners, Developers Financial Digest & Engineering Spotlight Drywall & Managers Connecticut financial liquidity to guaranty the performance of the tenant’s rental Production Staff obligations were the tenant to go into Jill Graham, Editor, [email protected]; default. As a result, the landlord was Jeanne Hardman, Art Director, [email protected]; not quite as concerned about the finan- Kathi Ferry, Art Specialist, [email protected]; Rick Kaplan, Events, [email protected]; cial health of the start-up LLC tenant. Tuyen Pham, Billing, [email protected]; So once the tenant failed to make its rental payments for the sixth consec- Tech Department utive month, the landlord notified the Jill Graham, [email protected], David Denelle, [email protected] guarantor of the tenant’s default and Drywall Services, Inc. provided the guarantor with the neces- NEREJ Events sary grace period to cure the default. Rick Kaplan, [email protected], John Picard, [email protected] The guarantor did not timely cure the tenant’s default. Now the landlord New England Real Estate Journal wishes to enforce the guaranty and Published weekly for $139 per year by East Coast Publications pursue the guarantor for the tenant’s 17 Accord Park Drive, Unit 207, Norwell, MA 02061 Printed by: Graphic Developments, Inc. breach of the remaining five years of 80 Mayflower Dr., Hanover, MA 02339 | www.graphicdevelopments.com the lease term (and no, this was not a Periodicals postage paid at Norwell, MA and additional mailing offices. “good guy” or “good gal” guaranty). $4.95 Single Copy, $9.95 Special Issue. Subscriptions are non-refundable How can the landlord ensure the Publication #ISSN 0028-4890 | USPS #378-860 | Vol. 60, No. 16 Complete Commercial enforceability of the guaranty and Mailing Address: P.O. Box 55, Accord, MA 02018 what are some potential roadblocks? Express & Overnight Mail: 17 Accord Park Drive, Unit 207, Norwell, MA 02061 In certain situations (and for a vari- Phone: 781-878-4540 | Toll Free: 1-800-654-4993 | Fax: 781-871-1853 | www.nerej.com Drywall Services ety of reasons), the landlord and tenant POSTMASTER: Send address changes to New England Real Estate Journal, may have entered into a lease amend- P.O. Box 55, Accord, MA 02018 or 17 Accord Park Drive, Unit 207, Norwell, MA 02061 ment or a lease extension long before REPORT AN ERROR IMMEDIATELY the initial 10-year term was to have New England Real Estate Journal will not be responsible for more than one incorrect insertion. Disclaimer: The views expressed by contributing writers are not necessarily representative of the New England Real Estate Journal. CONTINUED ON PAGE 9A KENNEDY CARPET 86 Progress Avenue, Unit #2 CLEANING Tyngsboro, MA 01879 CARPET SALES & CLEANERS FIRE FLOOD SOOT MOLD [email protected] DISINFECTANT SERVICES SINCE 1978 tel: 978-649-5848 KENNEDY CARPET FREE ESTIMATES fax: 978-649-5767 CARPET SALES DISINFECTANT SERVICE CLEANERS RESTORATION 888-KENNEDY KENNEDYCARPET.COM

NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNAL Changes New Proof Proof Approved NE NY Tel: 781-878-4540 Size: 2x8 Section: NNE PROOF REAL ESTATE JOURNAL

From: Patty crop 2” Changes New Proof Proof Approved Run Date: 4-3 Size: 6x3 Section: NE ROP

From: JP crop 2” Run Date: 05/15/20 nerej.com New England Real Estate Journal April 23 - 29, 2021 5A

PREMIUM FULL SERVICE

Pavement Specialists since 1945 PAVEMENT MAINTENANCE

New England Sealcoating is your pavement maintenance expert, you not OUR PREMIUM PARTNERS: only get the industry’s leading products, you get a professional contractor dedicated to excellence and trained to apply a complete pavement maintenance system.

DISCOVER HOW WE CAN: n Preserve your investment n Beautify & add curb appeal n Increase property value n Save costly repair expenses

OUR SERVICES INCLUDE: • Patching • Catch Basin Repair • Sealcoating • Cracksealing • Line Striping • Berm Repair • Tennis Courts • Basketball Courts • Decorative Coatings • Concrete Repair

SERVICING AREAS: MASSACHUSETTS • RHODE ISLAND • NEW HAMPSHIRE • SOUTHERN MAINE

NESCO Ad 3-2021.indd 2 3/10/2021 3:58:17 PM 6A April 23 - 29, 2021 New England Real Estate Journal nerej.com FLEX/INDUSTRIAL PORTFOLIO TOTALING 156,276 S/F Past & Present... JLL Capital Markets reps PGA Realty in $44.25 million sale WILMINGTON, MA JLL Capital Markets has closed the $44.25 million sale of a four-property flex/industrial portfolio totaling 156,276 s/f in Wilmington and Methuen. The portfolio also includes a fully entitled development Archives. site supporting up to 235,040 s/f of new construction. JLL represented the seller, PGA Upton Dr. in Wilmington, and One located just east of I-93 and proximate Realty Company, LLC, in the off-mar- Aegean Dr. in Methuen. The proper- to I-495 and 95, 18 miles north of Lots of them since 1963! ket sale of the property to The Davis ties were 100% leased at the time of Boston. One Aegean Dr. is just west Companies. sale. Tenants in the portfolio include of I-93 near the Mass./N.H. border. The portfolio consists of 26, 35 Watson Marlow, WorldPac, and the JLL’s Capital Markets team repre- and 37 Upton Dr. as well as the 28- Brockway-Smith Companies. senting the seller was led by senior Go see them today! acre development site at 36 and 38 The Wilmington properties are director Kerry Hawkins. Greater Boston Commercial CBRE arranges sale of nine building industrial portfolio Properties sells Spencer nerej.com/archives Furniture building for $885k

NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNAL Changes New Proof Proof Approved Size: 2x4 Section: SPENCER, MA Mitchell Stepien of Greater Boston Commercial Proper- From: crop 2” ties, Inc. represented the seller in the 34A, 34B Londonderry Road - Londonderry, NH Run Date: 00/00/18 sale of 6 Olde Main St. The 26,858 s/f industrial building was sold for WILMINGTON, MA According to Dr., Wilmington, MA; 16, 18, 29 $885,000 to DL & Sons LLC, who CBRE, BentallGreenOak (BGO) has Esquire Rd., Billerica, MA; and 34A, will use the building as a showroom acquired a nine-building, 700,000 s/f 34B Londonderry Rd., Londonderry, for their commercial equipment sales industrial portfolio in Mass. and N.H. N.H. www.naiop.org business. A CBRE team led by Chris Skeffing- “The Boston industrial market In operation since 1960 and known ton and Scott Dragos represented the continues to flourish and the Novaya as the Spencer Furniture Building in seller, Novaya Real Estate Ventures, Real Estate Ventures team has done town for decades, new ownership and also procured the buyer during a tremendous job at leveraging the looks to carry on the tradition of the marketing and sale negotiations. exceptional market dynamics to operating a successful family run The nine-building portfolio in- drive value within the portfolio,” said Kevin W. Quinn, President business for many years to come. cludes: 200, 500, 600, 800 Research Skeffington. Chuck Reilly Dacon, Design Architecture, Construction 16 Huron Dr., Natick, MA 01760 Tel: 508-651-3600, Fax: 508-655-2229, www.dacon1.com

Garry Holmes TRUSTED CONSTRUCTION PROFESSIONALS SINCE 1985 R.W Holmes 321 Commonwealth Rd., Suite 202 Wayland, MA 01778, Tel: 508-655-5626 INSTITUTIONAL COMMERCIAL MULTIFAMILY www.rwholmes.com

Daniel R. DeMarco, Partner Campanelli One Campanelli Dr., Braintree, MA 02184 RESIDENTIAL CORPORATE INTERIORS HEALTHCARE Tel: 781-849-1440, Fax: 781-884-9160 www.campanelli.com

Tom Norton, President and Founder NOREL Service Company, Inc. Fire Alarm & Monitoring Services 215 LEXINGTON STREET, WOBURN, MA 01801 230 2nd. Ave., Waltham, MA 02451 Tel: 781-768-5500, Fax: 781-768-5502, www.norelservice.com P: 781.935.0130 • F: 781.935.0048 • www.seaverconstruction.com

Tel: 781-878-4540 NE NY NE NY Tel: 781-878-4540 PROOF REAL ESTATE JOURNAL PROOF REAL ESTATE JOURNAL Changes New Proof Proof Approved Changes New Proof Proof Approved Size: 2x8 Section: NE ROP Size: 3x5 Section: NE ROP

From: MC crop 2” From: JP crop 2” Run Date: 07/24/20 Run Date: 10/25/19 nerej.com nerej.com New England Real EstateNew Journal England Real Estate Journal April 23 - 29, 2021 7A May 22 - 28, 2020 5A Exclusive ProfessionalExclusive Professional Business Card Business Service Card Directory Service Directory Reaching andReaching Read by Yourand ReadClients by and Your Prospects Clients and Prospects

Architect BuildingBuilding Waterproofing Washing Building Washing

Since Since T: 401-849-5100 • www.A4ARCH.com 1974 1974 Building Cleaning • Sidewalks Building Cleaning • Sidewalks Providing first class design to Storefronts • Parking Garages Storefronts • Parking Garages INSTA-BRITE INSTA-BRITE Commercial, Institutional and Residential Clean It Right ... Call Clean It Right ... Call clients throughout CT, MA, NY & RI DAVID FRIEDMAN DAVID FRIEDMAN 781/447-0022 INSTABRITE.COM781/447-0022 INSTABRITE.COM Whitman, MA BecauseBecause G Goodreat D DesignesiGn is Isa Smartsmart i Business.nvestment Whitman, MA Commercial MortgageCommercial Mortgage Community PlanningCommunity Planning eneral ontratorGeneral Contractor NE NY Tel: 781-878-4540 PROOFpiegelREAL ESTATESSociA JOURNALteS Spiegel ASSSociAChanges teSNew A Proof ProofThe Approved SIMONThe COMP SIMONaNIeS COMPaNIeS Commercial MortgageCommercial Brokerage Mortgage Brokerage Size: Bus. Card Section: NEROP ROP crop 2” From: PSCPatty hINda M. SIMON-SNydercrop 2” hINda M. SIMON-SNyder Sidney J. SpiegelSidney J. Spiegel Run Date: 02/24/176-26 Community Habitat, Inc.Community Habitat, Inc. 10 Industrial Road 10 Industrial Road Cell: 617-593-4145Cell: 617-593-4145Community Construction,Community Inc. Construction, Inc. Milford, MA 01757 Milford, MA 01757 508.482.1971 Office: 617-265-4856Office: 617-265-4856Fiduciary InvestmentFiduciary Properties Investment Properties 508.482.1971 Tel: 781-848-2500 Tel: 781-848-2500 www.plumbhouse.comwww.plumbhouse.com [email protected]@verizon.net MERIT SHOP BUILDS BESTMERIT SHOP BUILDS BEST

Electric Electric Financing Financing Glass & Glazing Glass & Glazing

508.643.0334 / Toll Free: 877.628.JECI508.643.0334 / Toll Free: 877.628.JECI Julia Anne M. Slom Fax: 508.643.9574 Fax: 508.643.9574 Julia Anne M. Slom Senior Vice President, Team LeaderSenior Vice President, Team Leader• Entrances • Storefronts • Curtain• Entrances Walls • Storefronts • Curtain Walls Cell: 508.524.3025 Cell: 508.524.3025 Commercial Real Estate Commercial Real Estate • Slopes & Skylights • Aluminum• Slopes Windows & Skylights • Aluminum Windows [email protected] [email protected] 23 Broad Street, Westerly, RI 0289123 Broad Street, Westerly,• RI Fire 02891 Rate Glazing • Aluminum• Fire Composite Rate Glazing Panels • Aluminum Composite Panels TeamJEC.com TeamJEC.com 401-348-1430 phone 401-348-1430 phone —Tim O’Connor — —Tim O’Connor — 380 Turnpike Street 380 Turnpike Street 401-348-1326 fax 401-348-1326 fax South Easton, MA 02375 South Easton, MA 02375 [email protected] [email protected] Aviation Drive 4 Aviation Drive Master Lic. # EL 17235-A Master Lic. # EL 17235-A Gilford, NH 03249 Email: [email protected] Construction Lic. #CS092756 Construction Lic. #CS092756 Gilford, NH 03249 Email: [email protected] Member FDIC Member FDIC Phone: 603-528-4748 Phone:Web: 603-528-4748www.granitestateglass.com Web: www.granitestateglass.com Strategic PlanningStrategic Services Planning Services Self-Storage Self-Storage NE NY Tel: 781-878-4540NE NY Tel: 781-878-4540 NE NY Tel: 781-878-4540NE NY Tel: 781-878-4540 PROOF REAL ESTATEPROOF JOURNALREAL ESTATE JOURNALPROOF REAL ESTATEPROOF JOURNALREAL ESTATE JOURNAL Changes New Proof ChangesProof ApprovedNew Proof Proof ApprovedChanges New Proof ChangesProof ApprovedNew Proof Proof Approved Size: Bus. Card Section: NE ROP Size: Bus. Card Section: NE ROP Size: Bus. Card Section:Size: Bus. NE Card ROP Section: BrandonNE ROP Kelly Brandon Kelly crop 2” crop 2” crop 2” crop 2” Principal From: JP 106From: Access JP Road 106 Access RoadFrom:Mark KD From:Mark KD Principal Urbanek, Run Date: 05/22/20 Norwood,Run Date: MA 05/22/20 02062Norwood, MA 02062RunUrbanek, Date: 05/27/16 Run Date: 05/27/16 P.E. P.E. Phone 781-272-2899 Phone 781-272-2899 781-762-4402 (tel.) 781-762-4402 (tel.) Corporate Headquarters Corporate HeadquartersFax 781-273-2075 Fax 781-273-2075 55 Cambridge Street 55 CambridgeMobile Street 617-529-9960 Mobile 617-529-9960 [email protected]@cresourceconsulting.com Burlington, MA 01803 Burlington,[email protected] MA 01803 [email protected] www.cresourceconsulting.comwww.cresourceconsulting.com Twitter-@cre_source Twitter-@cre_source An RK Company An RK Company Space AvailableSpace Available NE NY Tel: 781-878-4540NE NY Tel: 781-878-4540 PROOF REAL ESTATEPROOF JOURNALIf yourREAL company ESTATE would JOURNALIf your like company to appear would on like to appear on Changes New Proof ChangesProofthis Approved BusinessNew Proof CardProofthis Approved Service Business Directory Card Service Directory Size: Bus. Card Section:Size: Bus. NE Card ROP page,Section: please NE ROP contact page, please contact

Pattycrop 2” Stone-Colman - From: SH From: SH Pattycrop 2” Stone-Colman - [email protected] Run Date: 03/27/15 Run Date: 03/27/[email protected] New England RealNew Estate England Journal Real Estate Journal P.O. Box 55, Accord,P.O. MA Box 02018 55, Accord, MA 02018 (781) 878-4540 (781) 878-4540 (800) 654-4993 (outside(800) 654-4993 Mass.) (outside Mass.) 8A April 23 - 29, 2021 New England Real Estate Journal nerej.com AT CITYSIDE IN WALTHAM AND ONE CABOT RD. IN MEDFORD, MA Referral Network New England The Davis Companies secures CCIM Chapter This Week’s Real Estate Specialist - Connecticut River Valley Firms appearing on this page are listed to represent Dave Gambaccini, CCIM www.neccim.com the areas of activity in the New England economic President 75,118 s/f in leases at two props. Also Serving NH & VT region, and are available to answer your questions To learn more about how to become a CCIM, affiliate member, or annual sponsor, regarding investment, financing and/or brokerage WALTHAM, MA The Davis Companies 800-542-5188 please contact Dave Gambaccini, CCIM President at 603-540-1433. has secured new leases totaling 75,118 www.townandcountryrealty.com opportunities in their area. They are willing to www.neccim.com s/f between two of its premier Bos- [email protected] cooperate on all legitimate situations. ton-area office properties: Cityside in Waltham and One Cabot Rd. in Boston, MA Medford. Cape Cod Mass. Portsmouth, N.H. At Cityside, longtime tenant Bank of America is leasing an additional Amanda Snell, CCIM 10 Post Office Sq., Boston, MA 02109 23,330 s/f of expansion space, bring- Tel: 617-886-9300, Fax: 617-886-9301 ing its total occupancy at the property REAL ESTATE MANAGEMENT www.thestevensgrp.com to 118,222 s/f. Ryan Romano, Tom Hansen, and Malcom See of CBRE Post Office Square, 20F Camp Opechee Rd. represented the tenant; Rob Byrne Centerville, MA 02632 The Kane Company Bedford, NH and Liz McLaughlin of Cushman 508-775-0079 603-430-4000 & Wakefield represented The Davis [email protected] netkane.com Dave Gambaccini, CCIM 3 Executive Park Drive, Suite 201 Cos. Also, DDJ Capital Management, Bedford, NH 03110 a privately held investment manager Western Mass. Southern New Hampshire Tel: 603-540-1433 that specializes in investments within [email protected] the leveraged credit markets, is relo- Cityside - Waltham, MA cating to Cityside from its current location in town and taking occupancy early supporters include the MIT to 194,000 s/f. Boston, MA of 13,488 s/f in the fall of 2021. Perry Deshpande Center, the MIT Industrial “These new leases build upon The Macmillan Group, LLC Liaison Program (STEX25), and The Davis Companies’ record of success 1500 Main Street, Suite 252 veranicommercial.com Mike Delsesto, CCIM Beal and Ron Friedman of CBRE Springfield, MA 01115 MIT Engine Network. Inkbit joins an across a range of property types Res/Comm’l/Ind Consultants 29 Commonwealth Avenue, Suite 601 represented the tenant; Byrne and Mc- impressive roster of tenants, includ- during the past year,” said Patrick 413-240-2358 One Verani Way, Londonderry, NH 03053 Boston, MA 02116 Laughlin of Cushman & Wakefield [email protected] 603-845-2500 Tel: 617-682-0114 / 617-267-0006 represented The Davis Cos. ing Amazon’s only Massachusetts Kimble, asset manager at The Davis www.mvernon.com At One Cabot Rd., Inkbit, a rap- office location outside of Boston or Cos. “At a time when there is a great Burlington, Mass. Central New Hampshire idly growing technology firm and Cambridge, global healthcare data deal of discussion about how the pan- creator of the first 3D printer driven and technology company ERT and demic will impact the future of office Brenda Litchfield, CCIM iHeart Radio’s Boston broadcasting space, the strong activity at Cityside Woburn, MA by vision-based feedback control and Concord Commercial, LLC artificial intelligence, is moving from facilities. and One Cabot Rd. demonstrates Ernest C. Wronka, SIOR, CCIM, GRI Amid the significant challenges that there is a continued demand for 2½ Beacon Street, Suite 159 400 TradeCenter, Suite 5900 its current Medford location to One Cabot where it is leasing 38,300 s/f presented by the pandemic, The Davis high-quality, class A facilities.” Concord, NH 03301 Woburn, MA 01801 Cos. has remained very active in the “The Davis Companies’ flexibil- Tel: 781-229-2233 for its corporate headquarters. Joseph 55 Cambridge St., Burlington, MA 01803 603-225-3200 www.wronkaltd.com Pearce and Michael Frisoli of New- competitive Boston market. Over the ity and ability to make deals with 781-272-2899 www.rjkellycompany.com [email protected] mark represented the tenant; Debra past year, the firm has leased over prospective tenants during these 350,000 s/f of commercial office, challenging times, when others were Gould and Rory Walsh of Newmark Hanover/Lebanon, N.H. Easton, MA represented The Davis Cos. Inkbit lab, and industrial space in the area, not, is another contributing factor to Andover, Mass. including 115,000 s/f at Cityside our success,” said Duncan Gilkey, Richard L. Freitas, CCIM is a 2017 spin-out of the Computer Cam Brown, Managing Broker Science and Artificial Intelligence and 79,000 s/f at One Cabot Rd., The Davis Cos.’s director of leasing 126 Main St., North Easton, MA 02356 bringing the total for both properties & senior vice president. Tel: 508-238-2042, Fax: 508-238-3939 Laboratory (CSAIL) at MIT, whose [email protected] www.freitasassociates.com Ron Fredette, CCIM, CIPS 138 River Rd., Andover, MA Office: 978-475-2111 93 So. Main St., West Lebanon, NH 03784 Cell: 603-540-4489 Office: (603) 298-8904 Greater Boston Email: [email protected] John Hughes IV, CCIM Cell (603) 252-8902 Commercial & Residential Advisor Direct: 508-259-5613, Office: 508-785-1234 Connecticut River Valley Bedford, N.H. Dover Country Properties Also Serving NH & VT Formerly known as 4 Walpole St., Dover, MA 02030 [email protected]

116 South River Road New Photo Same photo as Same photo as Woburn, MA Bedford NH • 603-668-7000January January 800-542-5188 28 Deer Street Suite 301 175 Lincoln Street • Manchester, NH Coldstream Office Park 15 Constitution Drive • Bedford, NH www.townandcountryrealty.com Newly redevelopedPortsmouth, 2,550+/- SF office/industrial NH • 603-431-3001116 South River Road • Bedford, NH Several Class-A office suites ranging from Peter Carbone, Jr., CCIM unit New windows, natural timber columns Several Class A office units avail for immed occup. 1,771+/- SF to 4,542+/- SF are currently avail- [email protected] throughout, sandblastedwww.nainorwoodgroup.com walls, wood ceiling and Units vary from 911+/- SF to 2,181+/- SF, & a able in one of Bedford’s premiere office parks is handicapped accessible One loading dock. 3,899+/- SF stand-alone building . Units can ac- with convenient on-site parking & cafeteria. 5 Stone Edge Ln., Woburn, MA 01801 Lease Rate: $7.50 psf, nnn. Call Chris commodate a variety of users. Lease rates vary. Lease rate $17.00 psf, modified gross (plus Norwood for details. Some units broker owned. For more info, call $1.50 psf for electric). For more details, con- Tel: 781-935-5444 Louise or Chris Norwood. tact Perry Snow or Joe Russo. www.carbonere.com West Hartford, Conn. Milford, Conn. Northern Rhode Island Londonderry, N.H. Vermont Same photo as Same photo as Same photo as www.brodercommercial.com January January January

Arnold Peck’s BERETTA REALTY CO. Ridgewood Road & Palomino Lane 225 Lowell Road • Hudson, NH 227 Lowell Road • Hudson, NH Bedford, NH Several retail & office units from 950-1,700+/- 1,300+/-SF bldg on an acre parcel. Allowed uses Nashua, NH Since 1965 New construction of a 20,200+/- SF state-of- SF available on busy Route 3-A across from the include restaurants, office, automotive services the-art, Class A medical/professional building new Stop & Shop. Very visible with high traffic and more. Great visibility. High traffic counts. slatedVermont’s for completion inCommercial 2006. Approx. 84 Realcounts. Estate Lease rates Leader $8.50 to $10.75 psf, nnn. Easy access to/from Hudson and Nashua via the TINKHAM REALTY parking spaces. Lease rate: $18.00 psf, NNN. Call Joe Russo for more information and to Sagamore Bridge. Lease rate: $2,800 per Build-out allowance TBD. ForSince more info, 1987schedule an appointment. month. Call Joe Russo for more details. Bradley T. Vear, CCIM, SIOR SALES • APPRAISALS Residential, Commercial and Industrial please call Joe Russo or Perry Snow. 456 West Hollis St. Sales & Leasing DEVELOPMENT Buyer/Tenant RepresentationSame photo as Same photo as Nashua, NH 03062 -401-724-7980 Route 102, Londonderry, NH New Photo January January 43 North Main Street 680 Boston Post Rd., Milford, CT 06460 603-432-7769 / Fax: 603-434-1545 Site Selection Tel: 603-882-6000 203-877-1345 / Fax: 203-877-6090 [email protected] 29 Church St.,Burlington, VT 05401 West Hartford, CT 06107 www.tinkhamrealty.com 873 Page Street • Manchester, NH Indian Head Plaza Main Street Marketplace www.vear.biz 869 Smithfield Ave., Lincoln, RI 02865 Two 802-878-9000,wrhse/lt manuf spaces avail in www.jldavisrealty.com 3-story brick 30 Temple St. • Nashua, NH 300 Main St. • Nashua, NH 860-249-1540 [email protected] mill bldg. Lower Level: 4,000+/- SF w/7-8 ft Class A Office - 1,600 to 18,724 SF is available Well-established, well-tenanted retail plaza has email: [email protected] ceilings, drive-in access & cement floor. Lease for lease in downtown Nashua. On-site park- 2,880 to 50,000+/- SF available to accommo- Rate: $1.80 psf, mod. gross. Third Floor: ing, convenient access to Route 3, state of the date a variety of tenants. Strong demographics 4,000+/- SF w/7-9 ft ceilings, frt elevator to art telecommunications. Competitive rates. & high traffic counts. For lease rates or more shared dock, 2-room fin’d office area. Lease Call Joe Russo or Perry Snow for more info. information, please contact Perry Snow or Joe Space Available rate: $2.10 psf, mod. gross. For more info, Russo. South Windsor, Conn. Providence, R.I. Warwick, R.I. call Perry Snow or JudyNashua, Niles-Simmons. N.H. Southern NH LAND FOR SALE Epping, NH: Parcel 1: 2 lots totaling 9.84+/- acres w/400+/- ft frontage on Rte 125. Sale price $1,000,000. Parcel 2: 20.74+/- acres w/50 ft 116 South River Road right of way on Old Hedding Road. Sale price $1,000,000. Call Joe Chris Norwood, CCIM Formerly known as To list your company Mendola or Chris Norwood for more information. Bedford, NH 03110 Loudon, NH: Multiple site locations. 400+/- ft frontage on Route 106 Tel. (603) 668-7000 just north of I-393. Land Lease $2,100/month, per acre, per site. Fax (603) 647-4325 116 South River Rd., Bedford, NH 03110 Call Chris Norwood or Joe Mendola for details. Independently Owned and Operated / www.thenorwoodgroup.com call Karen Dowell Merrimack: 1/2 acre industrial parcel. Sale price $99,000. Call Perry Tel: 603-668-7000, Fax: 603-647-4325 A Member of the Cushman & Wakefield Alliance Snow for more information. Email: [email protected] [email protected] New Hampton, NH: 2 parcels just off I-93 at Exit 23. Lot 22: New Photo Same photo as Same photo as 781-878-4540 x254 PROLMAN REALTY January 5.095+/- acres with 520+/- feet of frontage on Route 132. Sale Price: January Mark F. Butler, Specialist $150,000. Lot 23: 8.9+/- acre parcel. Sale price: $265,000. Contact www.nainorwoodgroup.com www.ButlerRealty.us our office for more details. 100 Elm St. Residential & Commercial • Sales & Leasing 175 Lincoln Street • Manchester, NH Coldstream Office Park 15 Constitution Drive • Bedford, NH [email protected] 146 Westminster Street, 2nd Floor Raymond, NH: 5.05+/- acres w/687+/- SF frontage on Route 27. Sale Newly redeveloped 2,550+/- SF office/industrial 116 South River Road • Bedford, NH Several Class-A office suites ranging from or email Jeff Butler at [email protected] Nashua, NH unit New windows, natural timber columns Several Class A office units avail for immed occup. 1,771+/- SF to 4,542+/- SF are currently avail- Price: $495,000. For details, call Joe Mendola or Joe Russo. throughout, sandblasted walls, wood ceiling and Units vary from 911+/- SF to 2,181+/- SF, & a able in one of Bedford’s premiere office parks Providence, RI 02903 is handicapped accessible One loading dock. 3,899+/- SF stand-alone building . Units can ac- with convenient on-site parking & cafeteria. 800-292-1102 The information provided herein, while not guaranteed, is secured from sources we believe to be authoritative. For information regarding appearing on this exclusive CCIM-NewLease Rate: $7.50 psf, nnn. EnglandCall Chris commodate a varietylisting of users. Lease rates vary. Lease rate $17.00 psf, modified gross (plus 603-880-6655 Norwood for details. nerej.com All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Some units broker owned. For more info, call $1.50 psf for electric). For more details, con- Trusted Real Estate Service Since 1977 Louise or Chris Norwood. tact Perry Snow or Joe Russo. 950 Sullivan Ave., #19 South Windsor, CT 06074 401-273-1980/Fax 421-4207 Contact Karen Dowell • 781-878-4540 x254 • [email protected] • www.nerej.com [email protected] www.hayessherry.com 401-886-7800 [email protected] Same photo as Same photo as Same photo as January January January

Ridgewood Road & Palomino Lane 225 Lowell Road • Hudson, NH 227 Lowell Road • Hudson, NH Bedford, NH Several retail & office units from 950-1,700+/- 1,300+/-SF bldg on an acre parcel. Allowed uses New construction of a 20,200+/- SF state-of- SF available on busy Route 3-A across from the include restaurants, office, automotive services the-art, Class A medical/professional building new Stop & Shop. Very visible with high traffic and more. Great visibility. High traffic counts. slated for completion in 2006. Approx. 84 counts. Lease rates $8.50 to $10.75 psf, nnn. Easy access to/from Hudson and Nashua via the parking spaces. Lease rate: $18.00 psf, NNN. Call Joe Russo for more information and to Sagamore Bridge. Lease rate: $2,800 per Build-out allowance TBD. For more info, schedule an appointment. month. Call Joe Russo for more details. please call Joe Russo or Perry Snow.

Same photo as Same photo as New Photo January January

873 Page Street • Manchester, NH Indian Head Plaza Main Street Marketplace Two wrhse/lt manuf spaces avail in 3-story brick 30 Temple St. • Nashua, NH 300 Main St. • Nashua, NH mill bldg. Lower Level: 4,000+/- SF w/7-8 ft Class A Office - 1,600 to 18,724 SF is available Well-established, well-tenanted retail plaza has ceilings, drive-in access & cement floor. Lease for lease in downtown Nashua. On-site park- 2,880 to 50,000+/- SF available to accommo- Rate: $1.80 psf, mod. gross. Third Floor: ing, convenient access to Route 3, state of the date a variety of tenants. Strong demographics 4,000+/- SF w/7-9 ft ceilings, frt elevator to art telecommunications. Competitive rates. & high traffic counts. For lease rates or more shared dock, 2-room fin’d office area. Lease Call Joe Russo or Perry Snow for more info. information, please contact Perry Snow or Joe rate: $2.10 psf, mod. gross. For more info, Russo. call Perry Snow or Judy Niles-Simmons. LAND FOR SALE Epping, NH: Parcel 1: 2 lots totaling 9.84+/- acres w/400+/- ft frontage on Rte 125. Sale price $1,000,000. Parcel 2: 20.74+/- acres w/50 ft 116 South River Road right of way on Old Hedding Road. Sale price $1,000,000. Call Joe Mendola or Chris Norwood for more information. Bedford, NH 03110

Loudon, NH: Multiple site locations. 400+/- ft frontage on Route 106 Tel. (603) 668-7000 just north of I-393. Land Lease $2,100/month, per acre, per site. Fax (603) 647-4325 Call Chris Norwood or Joe Mendola for details. www.thenorwoodgroup.com Merrimack: 1/2 acre industrial parcel. Sale price $99,000. Call Perry Snow for more information. Email: [email protected]

New Hampton, NH: 2 parcels just off I-93 at Exit 23. Lot 22: 5.095+/- acres with 520+/- feet of frontage on Route 132. Sale Price: $150,000. Lot 23: 8.9+/- acre parcel. Sale price: $265,000. Contact our office for more details.

Raymond, NH: 5.05+/- acres w/687+/- SF frontage on Route 27. Sale Price: $495,000. For details, call Joe Mendola or Joe Russo. The information provided herein, while not guaranteed, is secured from sources we believe to be authoritative. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. nerej.com New England Real Estate Journal April 23 - 29, 2021 9A Referral Network This Week’s Real Estate Specialist - Connecticut River Valley Firms appearing on this page are listed to represent the areas of activity in the New England economic Also Serving NH & VT region, and are available to answer your questions regarding investment, financing and/or brokerage 800-542-5188 www.townandcountryrealty.com opportunities in their area. They are willing to [email protected] cooperate on all legitimate situations.

REPRESENTING BOTH THE SELLERS AND THE BUYERS Cape Cod Mass. Portsmouth, N.H. Stubblebine Co. sells six industrial buildings in Billerica for $11.935m REAL ESTATE MANAGEMENT Post Office Square, 20F Camp Opechee Rd. Centerville, MA 02632 The Kane Company BILLERICA, MA The Stubblebine Republic Rd. (3,800 s/f); 2 Republic 508-775-0079 603-430-4000 Company negotiated the sale of six Rd. (6,000 s/f); 0 Republic Rd. (1 [email protected] netkane.com industrial buildings in six different acre land site); and 9 Sterling Rd. (6,000 s/f) for an Western Mass. Southern New Hampshire aggregate total of $11.935 million. David, James, and Micah Stub- blebine, princi- Macmillan Group, LLC pals, and Chris 1500 Main Street, Suite 252 veranicommercial.com Springfield, MA 01115 Michniewicz, Res/Comm’l/Ind Consultants David Stubblebine James Stubblebine Micah Stubblebine senior advisor, 413-240-2358 One Verani Way, Londonderry, NH 03053 [email protected] transactions: 13 Sterling Rd. (38,900 represented both the sellers and the 603-845-2500 s/f); 3 Esquire Rd. (15,744 s/f); 11 buyers in these transactions. Burlington, Mass. Central New Hampshire

Ensuring the enforceability of a guaranty after the breach of the underlying lease - by Allen Brenda Litchfield, CCIM CONTINUED FROM PAGE 4A for the proposition that regardless of provision to extend beyond the original Concord Commercial, LLC expired. In some jurisdictions, if the the consent of the original guarantor term of the underlying lease, regardless original guarantor was not a party to the to the subsequent lease transaction, of “continuing guaranty” provision. 2½ Beacon Street, Suite 159 Concord, NH 03301 amended lease or the lease extension, because the original guaranty con- So while it is impossible to expect and if he did not sign a reaffirmation tained a clear and unambiguous landlords always to obtain foolproof 55 Cambridge St., Burlington, MA 01803 603-225-3200 781-272-2899 of his guaranty when that amendment provision stating that the guaranty is guaranties to secure their tenant www.rjkellycompany.com [email protected] or extension was entered into, then the a “continuing guaranty,” the guarantor leases, the past few months have legal concept of “novation” may nul- will remain obligated to the landlord clearly demonstrated why it must be Andover, Mass. Hanover/Lebanon, N.H. lify the guarantor’s initial obligations even without a reaffirmation of the an essential component of a lease to guarantee the tenant’s performance, original guaranty. transaction, particularly with tenants Cam Brown, Managing Broker and the landlord may be left without Unfortunately, depending on the that lack the requisite financial strength any recourse against the guarantor. A jurisdiction, the enforceability of a or track record to withstand a rough novation is the substitution of a new continuing guaranty provision is not and tumble economy. However, once Ron Fredette, CCIM, CIPS contract for the one that was in place. always foolproof and may not always a solid guaranty is in place, landlords 138 River Rd., Andover, MA An essential element of novation is the redound to the landlord’s benefit. need to take prudent actions to ensure Office: 978-475-2111 93 So. Main St., West Lebanon, NH 03784 extinguishment of the original contract Some courts will impose liability on that the guarantor’s obligation remains Cell: 603-540-4489 Office: (603) 298-8904 (i.e., the initial lease with the guaran- the guarantor “only for such a period intact and is not invalidated or ren- Email: [email protected] Cell (603) 252-8902 ty) and the substitution of a new one of time as is reasonable in light of all dered void because a reaffirmation (i.e., the lease amendment or the lease the circumstances of the particular of guaranty was not secured during Connecticut River Valley Bedford, N.H. extension) sans the original guarantor. case.” Translation: this rule will not every lease transaction or because the Also Serving NH & VT Formerly known as In other jurisdictions, the concept of be applied uniformly; rather, it will landlord relied a bit too heavily on the a “continuing guaranty” may (but not be adjudicated by courts on a case-by- sometimes amorphous concept of a always) save the day for the landlord case basis depending on the facts of the continuing guaranty. even if the lease had been extended, case and based on factors that may not 116 South River Road New Photo Same photo as Same photo as renewed, or even amended, without the necessarily favor the landlord. Further, Bedford NH • 603-668-7000January January Noble Allen is a partner in the Real Estate 800-542-5188 28 Deer Street Suite 301 reaffirmation of the original guarantor. some courts will simply not allow the 175 Lincoln Street • Manchester, NH Coldstream Office Park 15 Constitution Drive • Bedford, NH www.townandcountryrealty.com Newly redevelopedPortsmouth, 2,550+/- SF office/industrial NH • 603-431-3001 Group at Hinckley Allen, Hartford, Conn. 116 South River Road • Bedford, NH Several Class-A office suites ranging from This legal concept essentially stands unit New windows, natural timber columns Several Class A office units avail for immed occup. 1,771+/- SF to 4,542+/- SF are currently avail- tentacles of the continuing guaranty [email protected] throughout, sandblastedwww.nainorwoodgroup.com walls, wood ceiling and Units vary from 911+/- SF to 2,181+/- SF, & a able in one of Bedford’s premiere office parks is handicapped accessible One loading dock. 3,899+/- SF stand-alone building . Units can ac- with convenient on-site parking & cafeteria. Lease Rate: $7.50 psf, nnn. Call Chris commodate a variety of users. Lease rates vary. Lease rate $17.00 psf, modified gross (plus Norwood for details. Some units broker owned. For more info, call $1.50 psf for electric). For more details, con- West Hartford, Conn. Milford, Conn. Northern Rhode Island Londonderry, N.H. VermontLouise or Chris Norwood. tact Perry Snow or Joe Russo. Same photo as Same photo as Same photo as www.brodercommercial.com January January January

New Hampton, NH: 2 parcels just off I-93 at Exit 23. Lot 22: 781-878-4540 x254 5.095+/- acres with 520+/- feet of frontage onPROLMAN Route 132. Sale Price: REALTY Mark F. Butler, Specialist $150,000. Lot 23: 8.9+/- acre parcel. Sale price: $265,000. Contact www.ButlerRealty.us our office for more details. 100 Elm St. [email protected] Residential & Commercial • Sales & Leasing 146 Westminster Street, 2nd Floor or email Jeff Butler at [email protected] Raymond, NH: 5.05+/- acres w/687+/- SF frontageNashua, on Route 27.NH Sale Providence, RI 02903 Price: $495,000. For details, call Joe Mendola or Joe Russo. 800-292-1102 The information provided herein,603-880-6655 while not guaranteed, is secured from sources we believe to be authoritative. nerej.com 950 Sullivan Ave., #19 South Windsor, CT 06074 401-273-1980/Fax 421-4207 Trusted Real Estate Service Since 1977 All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. [email protected] www.hayessherry.com 401-886-7800 [email protected] 10A April 23 - 29, 2021 New England Real Estate Journal nerej.com Thru the Lens

HOLLISTON, MA Wayne J. Griffin Electric, Inc. (Griffin Electric) held a breakfast graduation celebra- tion for twelve of its employees, who finished their final classes and completed the requirements in December for their associate of Applied Science in Engineering Technology degree from Wentworth Institute of Technology (Wentworth). A leading electrical subcontractor throughout New England and the Southeast, Griffin Electric presented diplomas and gifted Wentworth Alumni jackets to the employees, who are the first graduating class of the Griffin & Wentworth Associate degree program. While in person participation was limited in the best interest of everyone’s health and safety, family and friends were able to watch the event via a live video stream and share the special moment with the graduates, who have all been very successful in the classroom throughout the program. Griffin’s employees were regulars on the Wentworth Dean’s List each semester, even when the COVID-19 pandemic made for some challenging circumstances during their last Shown (from left) are: Josh Fetterman, director of project development at City Realty Group; Jacob Simmons, academic year. In fact, 75% of the employees graduated with Latin honors (3.5 GPA or better), senior project manager at City Realty Group; and John Woods, executive director at Allston Brighton CDC. while half of the class also attained Summa Cum Laude distinction by finishing the program with a 3.90 GPA or better. ALLSTON, MA City Realty Group, a community-focused real estate development company serving the Greater Boston area since 2004, has donated $10,000 to Allston Brighton Community Development Corp., an organization dedicated to addressing housing and development issues and building a stronger, more stable community by representing and supporting the interests, engagement and leadership of Allston’s Brighton’s diverse communities, institutions, individuals and families of all incomes. City Realty Group is proud to support the organization’s mission and shares its vision of creating a vibrant neighborhood where people of all incomes, races and genders can live and work. Allston Brighton CDC is the only nonprofit dedicated entirely to working with Allston Brigh- ton residents in addressing the impacts of the housing crisis. The organization works to amplify the voices of residents to mitigate the effects of transiency, increased development and social and structural inequity by advocating for affordable homes, neighborhood stability and resident leadership. City Realty Group managing partner Steve Whalen feels strongly about building a relationship with Allston Brighton CDC. “City Realty Group is proud to continue to support Allston Brighton CDC and the great work it does in the community. This organization is providing valuable resources to so many, with programs ranging from creating affordable housing units to housing education, homeownership training and advocacy. We look forward to future support and collaboration.”

Griffin Electric partnered with Wentworth in 2018 to offer employees an opportunity to further their education through this degree program, which was designed to incorporate technical skills and hands-on, practical education for future leaders within the electrical industry. The partnership allows accepted graduates of Griffin’s free, in-house Apprenticeship Training Program who have achieved their license to leverage their 600 hours of classroom instruction and 8,000 hours of on- the-job field experience to earn nearly half of the required credits towards the degree. To ensure that employees accepted into the Wentworth program can participate without financial hardship, Griffin Electric also covers up to 70% of tuition costs. With a second Griffin cohort set to graduate from the Associate’s degree program later this year, as well as plans for an upcoming Informational Night geared towards prospective students in the works, the company looks forward to celebrating many future Griffin / Wentworth graduating classes.

BOSTON, MA William Raveis Real Estate, Mortgage & Insurance (WRRE), has inked another multi-year partnership with the Boston Red Sox and Fenway Park. The independent brokerage first partnered with the legendary New England team three years ago as the first and only “Official Real Estate Company of the Boston Red Sox.” Their extensive sponsorship and cross promotions will be visible throughout Fenway Park starting Friday, April 2nd at the rescheduled home opener. Ryan Raveis, co-president of WRRE, says they are particularly excited about their newly added sponsorships of key player and team milestones. “As a company that celebrates our sales associates’ entrepreneurial drive, hard work and stellar achievements, we are thrilled to highlight extraordinary accomplishments,” said Raveis. “So when a player like Rafael Devers hits his 130th run this year for the Red Sox, this is our way of giving him an enthusiastic, virtual high five. We know how hard he’s worked to achieve that.” nerej.com New England Real Estate Journal April 23 - 29, 2021 11A

VIRTUAL CONFERENCE WEBINAR

Hotel Industry in New England May 20, 2021 Networking from 10:00am-10:30am Panel discussion 10:30am-11:30am

Speakers:

Dailey Tipton Harry Wheeler Rob McCarthy Evolution Energy Partners Group One Partners Melan Hotel Group

Registration is FREE! Contact Rick Kaplan Sponsorship and Speaking 800-654-4993, ext. 247 Opportunities Available. Register at: [email protected] bit.ly/3rFWHi CORPORATE SPONSORS Back Page A April 23 - 29, 2021 New England Real Estate Journal nerej.com New build-to-suit options 40 Shattuck Road, Andover

Virtual Tours Available

279 - 10,234 SF Available - premium office suites New on-site amenities at 40 Shattuck Road include a in highly sought-after business district north of Boston micromart and fitness room.

• On-site amenities include micromart and fitness room • Build-to-suit second- and third-floor suites • Thriving River Road business district • Lease one or combine two suites • Upscale contemporary finishes • Moments from I-93 and I-495 • In-suite janitorial provided • Abundant natural light

Located just off River Road at I-93 and I-495, the property offers convenient access to major highways, and close proximity to many desirable amenities, including restaurants, hotels, and daycare.