The Registry Review: Aug. 8, 2022

Page 1

Vol.44, No.32

www.thewarrengroup.com

W E E K O F M O N D A Y, A U G U S T 8 , 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

IN PERSON

The Man Who Built Kendall Square – and Walked Away

Plaistow

3 PLAISTOW RD U:2. . . . . . . . . . . . . . . . . . . . . . . . . . $6,100,000 B: Plaistow Ventures LLC S: Plaistow Rd NH Retail LLC Mtg: Camden National Bank $4,270,000 Use: Shopping Ctr/mall, Lot: 51400sf

Manchester

Boston’s Biotech Mecca Can Thank New Hampshire Connection for Success

96 MECHANIC ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,600,000 B: 5496 Mechanic St LLC S: Terolyn LLC Mtg: Eastern Bank $4,275,000 Use: Apartment Bldg - 9 + Units, Lot: 10309sf 54 MECHANIC ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,600,000 B: 5496 Mechanic St LLC S: Terolyn LLC Mtg: Eastern Bank $4,275,000 Use: Retail-any, Lot: 9697sf

BY STEVE ADAMS REGISTRY REVIEW STAFF

Greenland

1575 GREENLAND RD. . . . . . . . . . . . . . . . . . . . . . . . . $3,925,000 B: 1575 Greenland LLC S: Albacado Greenland LP Mtg: Bangor Savings Bank $3,220,000 Use: Commercial Warehouse, Lot: 370260sf

Goffstown

29 CENTER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,150,000 B: Gotta Have LLC S: MMB&BBR Realty LLC Mtg: Live Oak Bkng Co $2,805,000 Use: Nursing Home, Lot: 197750sf

Hampton

2 CRANBERRY LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,795,000 B: Crystal E Grover & Gary G Pontbriand S: Eric V Dorman Mtg: Cambridge Tr Co $1,200,000 Use: 3 Bdrm Contemporary, Lot: 12632sf

Allenstown

39 ALLENSTOWN RD. . . . . . . . . . . . . . . . . . . . . . . . . . $2,725,000 B: Allen Plaza LLC S: Louis J Grossman Tr, Tr for G Land RT Use: Commercial Building, Lot: 60984sf 43 ALLENSTOWN RD. . . . . . . . . . . . . . . . . . . . . . . . . . $2,725,000 B: Allen Plaza LLC S: Louis J Grossman Tr, Tr for G Land RT Use: Commercial Building, Lot: 50965sf

Portsmouth

137 WIBIRD ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,210,000 B: David C Stevens & Lindsey E Stevens S: Ryan Baker & Karen Baker Mtg: Citizens Bank $1,440,000 Use: 5 Bdrm Conventional, Lot: 7770sf

Hollis

24 BECKYS PL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,100,000 B: Gina Gialamas & Sean D Byrnes S: Charles Svirk & Evanthia Aretakis Mtg: Charles Svirk $1,900,000 Use: Mixed Use-prim Res & Forest, Lot: 281833sf

7,000 7000

7000

2000 1000 0

June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. April May June

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

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

’22

6000 6,000

BothMonth

Purchase

Refinance

Both

June 2018

1,561

1,621

3,182

3000 3,000

June 2019

1,482

1,831

3,313

2000 2,000

June 2020

1,195

4,299

5,494

1000 1,000

June 2021

1,245

4,245

5,530

June 2022

1,238

2,238

3,401

Both

5000 5,000

5000 4000 3000

Refinance

Refinance

Purchase

4000 4,000

2000 1000

May 18

3000

3,000 3000

6000

0

Purchase

4000

4,000 4000

TRANSACTIONS THRU

Refinance

5000

5,000 5000

REAL ESTATE RECORDS

Belknap �������������������������� 07/22/22 Carroll ���������������������������� 07/22/22 Cheshire ������������������������ 07/22/22 Coos �������������������������������� 07/22/22 Grafton ���������������������������� 07/22/22 Hillsborough ������������������ 07/22/22 Merrimack ���������������������� 07/22/22 Rockingham ������������������ 07/22/22 Strafford ������������������������ 07/22/22 Sullivan �������������������������� 07/22/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

to go to the suburbs in a more horizontal environment for manufacturing. The property is directly across the street from Tech Square, and a short walking distance from MIT, and that was one of the reasons it was so successful for startup lab space. The other feature of that building that was unique is it had been built as manufacturing space, so it had unusually high floor-to-floor heights and unusually heavy floor loads.

Both

6000

6,000 6000

INDEX 3 3 4 4 5 5 7 8 9 10 10 11 11 11

Q: What’s the history of your first lab project, One Kendall, and the origin of the idea that it would be a good site for life science startups? A: The One Kendall parcel was originally the Boston Woven Hose division of American Biltrite. They manufactured Mason-lid jars and hoses for the automotive industry and expanded to 23 buildings on the 12-acre site. Many of the buildings were 4 stories tall, and they reached the point where they wanted

Number of Mortgages for Single-Family Homes

46 CHANNEL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,980,000 B: William Madden & Kathleen Madden S: Julie A Smith-Lepage Tr, Tr for Zoe Marie RET

COUNTY

David Clem’s connection to an Upper Valley timber company looking to diversify led to a breakout success in what has become one of the most scientifically significant square miles in the United States.

NEW HAMPSHIRE MARKET STATISTICS

Ossipee

PG

Photo courtesy of Lyme Properties

K

endall Square, Greater Boston’s biotech hub, might never have become the world’s life science capital if a New Hampshire timber company hadn’t decided to diversify some of its investments into commercial real estate. David Clem’s classmate at Massachusetts Institute of Technology was a member of a family that was an investor in Lyme Timber Co., and the connection resulted in his selection to lead its new development affiliate, Lyme Properties. Clem, now 72, was already active in the intertwined worlds of Cambridge politics and real estate as a former city councilor and partner at The Athenaeum Group, which developed the first private life science project in Kendall Square outside of the urban renewal zone. The Texas native saw opportunities to reactivate former factories near MIT as biotech research labs. Between 1993 and 2006, he built Lyme Properties into the third-largest life science developer in the U.S. and attracted a who’s who of global biotech firms to Cambridge. The firm sold its Cambridge portfolio in 2008, and Clem turned his attention to projects near his home in the Upper Valley.

May 19

May 20

May 21

Purchase

May 22

00

May 18 June

May 19 June

’18

’19

May June20

’20

May June21

May 22 June

’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.

Send submissions for consideration to

editorial@thewarrengroup.com.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.