Johnstone Supply Turns Up the Heat in 56K SF at First New Hampshire Location
National HVACR wholesale distributor Johnstone Supply has leased 875 Holt Avenue, a 55,575-square-foot building in Manchester, NH.
Chris Healey, Caitlin Burke and Derek Miller with commercial real estate firm The Boulos Company represented Johnstone Supply in the lease transaction, which represents the company’s first location in NH.
“This deal speaks to the tightness of the industrial market as well as the pricing growth in that sector,” said Miller. “We had to get creative to find the right space for Johnstone Supply, because time to market was important.”
The space was originally built as a flex building but the previous tenant, Fairpoint Communications, had it converted to office space. As a function of the deal, the landlord is demoing that fit-up and converting it back to industrial. In addition to the two existing loading docks, a third dock door and overhead door will be installed as part of the renovation.