Leases for 133,000 SF Bolster Vacant Park

PETERBOROUGH, NH-Two vacant industrial/office buildings have secured 133,000 sf of leases, accounting for nearly half of the 275,000 sf available. Now known as the Brookstone Business Center and being redeveloped by Massachusetts-based Juniper Advisory Services, the properties are part of the rebounding southern New Hampshire CRE market.

Headlined by an agreement for 35,000 sf by Dahle North America, 9 and 49 Vose Farm Rd. secured commitments from two other local firms, Armored Textiles and W.G. Ellerkamp, and another from Florida-based Product Quest. “We have been pleased with the response to date,” says broker Ted Geary of Klemmer Associates, the Winchester, MA-based real estate services firm retained as exclusive leasing agents. The rise to nearly 50% occupancy has been aided by a network of clients and community involvement, says Geary, further citing “a low basis and excellent infrastructure that allow us to offer the most competitive terms in the market.” Klemmer officials declined to offer specifics of the lease terms.

Located about 40 miles west of Manchester, NH, Vose Farm Road is a key part of Peterborough’s commercial base, notes Geary. Companies operating there include InfoUSA and Eastern Mountain Sports, which is headquartered at 1 Vose Farm Rd. The 9 and 49 Vose Farm Rd. structures were previously occupied by Brookstone and New England Building Services before being abandoned several years ago, and Geary says a desire to reinvigorate the buildings has led to helpful community cooperation.