Cushman & Wakefield is pleased to announce that the firm has been selected by Goss International as the exclusive leasing agent to market for sublease up to 220,000 square feet of vacant office and high-bay manufacturing and warehouse space located at 121 Technology Drive in Durham, NH.
Cushman & Wakefield’s Thomas Farrelly, Denis Dancoes and Sue Anne Johnson will lead the leasing effort.
In the extremely space-constrained seacoast market, where office and industrial vacancy rates are at historic single-digit lows, Cushman & Wakefield has initiated an aggressive marketing effort on a hard-to-find large block of office and high-bay manufacturing/warehouse industrial space. Occupied by Goss International, this 508,000-square-foot complex is located adjacent to The University of New Hampshire (UNH) main campus and is 15 minutes from Portsmouth. It features up to 220,000 square feet of available space that can be subdivided to meet the needs of growing companies, especially those who want a close, strategic relationship with UNH. The opportunity is comprised of partially furnished plug-and-play Class A headquarters office space and extremely rare high-bay warehouse space with ceiling heights ranging from 26 to 38 feet clear. The anchor tenants on this lush 172-acre campus property are Goss International and UNH’s John Olson Advanced Manufacturing Center located in 30,000 square feet of space, which was made possible by a $5.3 million donation by Whalen Engineering in honor of its former president, John Olson. Availabilities include both office and high-bay warehouse/manufacturing space featuring warehouse clear heights of 16, 26 and 46 feet.
UNH is not only located minutes away, the school is also a tenant. The complex is popular among technology companies looking to train and eventually hire recent college graduates, as businesses increasingly partner with area colleges and tech schools to provide students with desirable engineering skills.
“This unique building not only affords growing companies, especially those in advanced manufacturing fields, the opportunity to secure hard-to-find space, but also the chance to partner with, and form, a collaborative relationship with UNH students they can then hire,” said Farrelly, Executive Director of Cushman & Wakefield. “The New Hampshire seacoast has a low, single-digit vacancy rate for both office and high-bay warehouse and manufacturing space, so we’re excited to see the newly created 121 Technology Drive availability come on line at a crucial time when the inventory of space is at an all-time low. This unique building will become more of a local business hotspot.”
The development is conveniently located near Route 4 and Route 155A, with Interstate 95 just 15 minutes away. Downtown Durham is a short drive, featuring a variety of shops, restaurants and the Whittemore Center Arena. At 121 Technology Drive, other amenities include an on-site cafeteria,13 tailboard-height docks, two drive-in doors and three truck wells. The property also features walking trails and nearly 1,500 parking spaces across six parking lots.
“Between the available office, manufacturing and warehouse space and the potential for developing relationships with area colleges, 121 Technology Drive is primed for future growth,” said Sven Doerge, CFO of Goss International Americas. “We are thrilled to work with Cushman & Wakefield on this unique property.”
Cushman & Wakefield’s Boston office provides a complete suite of commercial real estate services for the entire life cycle of properties and portfolios.
About Goss International Goss International works with printers and publishers to enhance the value, impact and competitive position of print. Goss supplies presses and finishing systems – including the most automated and productive web offset presses in the world – for magazine, newspaper, catalog, packaging, direct mail and other printing applications. Headquartered in Durham, New Hampshire (USA), Goss has major facilities in North and South America, Asia and Europe as well as unparalleled global parts, aftermarket services and service support networking commitment to strengthening and building its businesses.
With one of the largest installed customer bases in the industry, Goss remains committed to its customers, large and small, by providing the services and equipment enhancements to reduce waste, improve performance and extend machine life. With a 360-degree approach to the success of its customers, Goss has a 100% customer focus that starts with a full understanding of project requirements at the pre-sale stage, attention to detail during the project management stage, and extends to after-sale peace of mind with a broad range of options for maintaining equipment to peak production levels.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. To date we have transacted in excess of 34 million square feet of sales and leasing transactions in New Hampshire. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visitwww.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.