$7M Sale of 8K Acres in New Hampshire Among State’s Largest Land Deals in a Decade

CGH Land Trust, LLC has purchased a 7,965-acre land tract in the “Great North Woods” of Pittsburg, NH (bordering Quebec, Canada) for $7.2 million.

Matt Davis, Melanie Haynes and Shannon Whitfield of Cushman & Wakefield, together with NH Conservation Real Estate’s Tom Howard represented the seller, Perry Stream Land & Timber Company, Inc. According to Cushman & Wakefield tracking, the transaction is among the largest land sales in the state of New Hampshire in over a decade.

“This is a one-of-a-kind property that offered the potential advantages of various value-add opportunities including, but not limited to, two approved multi-lot subdivisions, further subdivision of the property into large recreational-residential lots; developing the permitted large-capacity groundwater well for bottling natural spring water, forest management for timber production or carbon sequestration, and maple syrup production; and placing conservation easements on ecologically sensitive areas of the property,” said Davis.

The property was most recently used for recreation. It also features a commercial artesian well producing 250 gallons per minute with a permitted capacity of 360,000 gallons per day (GPD) from a natural spring fed by an aquifer source reputed to be second largest in the state.