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Real Property Management Hooksett Nh – People & Property: Real Estate & Construction News Around NH Metro Walls Goes 100% Employee Owned, Salem Retail Space Sold For $4.75M…and More
Officials in Billerica, Mass. recently joined the F.B. Billerica Realty Investors LLC and Hooksett, New Hampshire-based design and construction firm Procon plan to begin renovating the Billerica Mall. The new mixed-use project, known as the Shoppes and Residences at Billerica, is located at 480 Boston Rd. and will consist of a new 43,000-square-foot national supermarket that will replace the former 84,000-square-foot Kmart, which has been vacant for many years.
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Autodesk Inc. launched a new collaboration capability called Bridge, which it says allows construction teams to share only relevant data with project stakeholders, whether they’re on the same team or building a project in Autodesk Construction Cloud. Autodesk says Bridge gives teams control over relevant project data sets, allowing them to share selected sheets, folders and files with colleagues without having to share all project information. The company claims this reduces the need for manual data transfer and management and ensures that everyone is working with the same information, minimizing rework and saving teams time and money, which directly impacts their bottom line.
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Four members of New Hampshire’s congressional delegation announced that New Hampshire will receive nearly $9.5 million in federal funding from the U.S. Department of Housing and Urban Development’s Continuum of Care program. The program provides funding to nonprofit organizations, state and local governments to rapidly relocate homeless people, families and youth, as well as individuals fleeing domestic violence, dating violence, sexual assault and stalking. Recipients include Families in Transition, Southwestern Community Services, Waypoint, Community Action Partnership of Strafford County, the NH Coalition Against Domestic and Sexual Violence, Easterseals New Hampshire, Harbor Homes Inc. and the YWCA of New Hampshire.
The investment sale of Nettles Shoppes, a 100 percent occupied retail space consisting of three freestanding buildings at 379 S. Broadway in Salem, was announced by Hugo Overdeput of Colliers’ Manchester office. Overdeput represented the seller, Nettles Limited Partnership, in the sale of the 28,000 sq ft fully let. James Casey of Northeast Private Client Group represented the Massachusetts Buyer. According to the Rockingham County Register of Deeds, the sale price was $4.75 million.
Overdeput also represented the seller, TKD Properties LLC, in the investment sale of a 10,496-square-foot, two-story office building fully leased at 103 Stiles Rd. in Salem. Carla Herrick of Century 21 Northeast acquired the buyer, Herrick Development LLC. According to the Rockingham County Register of Deeds, the sale price was $1.95 million.
The Executive Council approved $4,289,000 in a combination of grants and loans for Charlestown to fund water improvements. The New Hampshire Department of Environmental Services will provide funding through the American Rescue Plan Act and the State Drinking Water Revolving Loan Fund. The Charlestown project is the first to receive final approval for ARPA infrastructure funding in New Hampshire, the agency said. NHDES has offered more than $100 million in funding to 232 projects that are in the process of finalizing their proposals to NHDES for submission to the Executive Board for approval.
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Company H.L. Turner Group Inc., Concord, hired Carol Zelinsky as a controller for a new position. She has more than 25 years of accounting experience in various construction industries.
TFMoran Inc. announced the hiring of three new employees: Matthew Routhier has joined the firm as Civil Projects Manager in the Bedford office; Gwyneth Bayakal is currently an administrative assistant in the Portsmouth office; and Jonathan Rahilly joined TFMoran as a survey technician in the Bedford office.
Manchester-based Metro Walls is officially 100 percent employee-owned. With the transition to employee ownership, Mike Dion, the firm’s former owner and president, stepped back from day-to-day operations to become chairman of the board, and Brian Hussey, former executive vice president, succeeded him as president of Metro Walls. There will be no other management changes. “This transition is extremely exciting for Metro Walls, and we are excited to offer this new benefit to our employees,” Hussey said. “Being 100 percent employee-owned rewards our amazing team, supports their investment and engagement, helps attract the best talent, and allows us to continue our growth and success into the future.”
Mike Reed, president of Stebbins Commercial Properties, represented the landlord, Queen City NK Investments LLC of Manchester, in the lease of 3,640 square feet at 93 S. Maple Street to Desmond Holman DBA Daw Kun Thai LLC of Manchester.
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Northern Properties Realty Group has added agents Mary Frisell and Jennifer Rose to the team. Both will focus on selling single-family homes and investment properties. Rosa will also focus on the sale of apartment buildings.
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