Vol.44, No.32
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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
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