{"id":1004218917,"date":"2018-04-16T01:56:43","date_gmt":"2018-04-16T09:56:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004218917"},"modified":"2022-12-08T14:33:58","modified_gmt":"2022-12-08T22:33:58","slug":"calare-snags-511-ksf-boston-area-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/calare-snags-511-ksf-boston-area-industrial-portfolio\/","title":{"rendered":"Calare Snags 511 KSF Boston-Area Industrial Portfolio"},"content":{"rendered":"

By Beata Lorincz<\/p>\n

\"57-59<\/a>

57-59 Daniel Webster Highway in Merrimack, N.H.<\/p><\/div>\n

Following the purchase of a 175,000-square-foot industrial property in Connecticut<\/a>, Calare Properties has acquired two high-bay industrial warehouse buildings in Merrimack, N.H., totaling roughly 511,000 square feet. CBRE\/New England secured $17.5 million in acquisition financing, provided by Harbor One Bank.<\/p>\n

The first-class properties are located at 57-59 Daniel Webster Highway (Route 3) on 48 acres, in an Economic Revitalization Zone. The site is located between the state\u2019s two largest cities, Manchester and Nashua, while Boston is 47 miles away. Interstates 93 and 293 are also nearby.<\/p>\n

Sought-after features<\/h2>\n

Current tenants include Law Logistics, Nanocomp Technologies, Raymer\u2019s Express and XPO Logistics, occupying a total of roughly 460,000 square feet. The distribution and warehouse properties feature:<\/p>\n

    \n
  • 22-32 feet clear ceiling heights<\/li>\n
  • 40 by 50 feet column spacing<\/li>\n
  • 26 tailboard loading docks<\/li>\n
  • secured yard area and rail service<\/li>\n<\/ul>\n

    The new owner retained PMRG as property manager, who has been in charge of the assets since 2007. Calare is planning on-site upgrades, such as roof replacements, additional loading docks and lighting improvements.<\/p>\n

    CBRE\/New England\u2019s Debt & Structured Finance team included Senior Vice President & Partner Kyle Juszczyszyn and Financial Analyst Matthew Machiros.<\/p>\n

    \u201cThe strength of the market, outstanding demographics and proximity to major Northeast cities make this first-rate industrial facility a low-risk investment opportunity for Calare,\u201d<\/em> said Todd Barclay, vice president of acquisitions at Calare Properties, in prepared remarks.<\/p>\n

    Image courtesy of CBRE\/NE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    CBRE\/New England secured acquisition financing for the purchase of two distribution and warehouse properties located in an Economic Revitalization Zone in Merrimack, N.H.<\/p>\n","protected":false},"author":739,"featured_media":1004506701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21748,21783,21742,10],"tags":[33499,32789],"class_list":["post-1004218917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-calare-properties","tag-cbre"],"acf":[],"yoast_head":"\nCalare Snags 511 KSF Boston-Area Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/calare-snags-511-ksf-boston-area-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calare Snags 511 KSF Boston-Area Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"CBRE\/New England secured acquisition financing for the purchase of two distribution and warehouse properties located in an Economic Revitalization Zone in Merrimack, N.H.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/calare-snags-511-ksf-boston-area-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-16T09:56:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/57-59-Daniel-Webster-Highway-in-Merrimack-N.H..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/calare-snags-511-ksf-boston-area-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/calare-snags-511-ksf-boston-area-industrial-portfolio\/\",\"name\":\"Calare Snags 511 KSF Boston-Area Industrial Portfolio - 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