Commerce Center Fills 75,000 SF of Commitments

PORTSMOUTH, NH-The economy may be spotty, but there has been a flurry of leasing completed in this coastal community to open 2008, including more than 75,000 sf of commitments at the Portsmouth Commerce Center. The nine-building office park is located near Interstate 95 and the Spaulding Turnpike.

“We’ve been pretty busy most of the winter,” reports Kane Co. broker Robert Marchewka, who represented the landlord in multiple transactions at the Portsmouth Commerce Center along with colleague Margot McKean. The deals featured a renewal for nearly 30,000 sf by Irving Oil Co. at 170 and 190 Commerce Way where the Canadian based petroleum giant has its US marketing operations. Pannaway Technologies outgrew 215 Commerce Way and is relocating into 230 Commerce Way, signing a 10-year extension for 27,000 sf. Meanwhile, InTown Veterinary Group is taking over the Pannaway space in a 16,000-sf agreement. That 10-year lease was negotiated by McKean for owner Tain Properties LLC and Tad Lee of Colliers Meredith & Grew in Boston representing the North Andover, MA-based tenant.