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Boston & New England  + New England  + Industrial  |  August 22, 2022
Lincoln Property Company has acquired a four-building industrial portfolio in NH for $69 million.
Lisa McDuffie
By: Lisa McDuffie

Lincoln Property Company Spends $69M for New Hampshire Industrial Portfolio

Lincoln Property Company has acquired a four-building industrial portfolio totaling approximately 593,000 square feet in NH for $69 million. The portfolio is 94% leased to 18 tenants.

  • 5 Wentworth Drive in Hudson
  • 22 Cotton Road in Nashua
  • 1050 Perimeter Road in Manchester
  • 645 Harvey Road in Manchester

Cushman & Wakefield’s Dave Pergola, Brian Doherty, Pete Rogers, Tom Farrelly, Denis Dancoes and Sue Ann Johnson of Cushman & Wakefield represented the seller, Albany Road Real Estate Partners, in the transaction.  Tom Sullivan, also of Cushman & Wakefield, arranged the financing.

“With numerous upgrades recently completed and strong occupancy history, the portfolio provides investors with a stable cash flow and diverse rent roll,” said Pergola.  “The demand for industrial property in the Northeast market is incredibly high with relatively no supply of available product.”

The assets recently underwent capital improvements including façade and roof upgrades. They each feature highway access and are near the Manchester-Boston Regional Airport.

Photo: 5 Wentworth Drive

Read More News Stories About: Cushman & Wakefield
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Cushman & Wakefield's Pergola

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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