February 6, 2024 – PORTSMOUTH, NH – Co-developers Tidemark and The Kane Company along with dignitaries and the PROCON design-build team held a ceremony today to celebrate the raising of exterior wall panels on a new 102,000 SF logistics facility located at 100 New Hampshire Ave. in Portsmouth, NH, within the Pease International Airport. The facility is expected to be fully operational by end of 2024.
The building was designed and is being constructed by PROCON. It will feature a 32-foot clear height, up to 30 loading bays, 68 parking spaces, and quick, easy access to both I-95 and the Spaulding Turnpike.
“We are delighted to announce the establishment of this state-of-the-art facility at the Pease Tradeport,” said Paul Brean, Executive Director of the Pease Development Authority. “In light of the ongoing global supply chain challenges, we understand the critical need for warehouse and light manufacturing space for businesses. It is with great pride that we collaborate with esteemed partners such as Tidemark, The Kane Company, and PROCON to introduce this new facility to the Seacoast region.”
Fidelitone, a national supply chain management company based in Illinois, has signed a lease to occupy approximately 50,000 square feet, with the balance of the building available to other tenants in the logistics or manufacturing industries. Fidelitone plans to use the facility to store and distribute large, high-end home furnishings to Seacoast residents. The site also has roughly 70,000 square feet of future developable space.
“Tidemark is thrilled to develop this terrific site and to welcome Fidelitone to the Portsmouth and Pease communities. We are extremely grateful to the Pease Development Authority for their partnership during the development process, and we are confident Pease will be a wonderful home for this facility and its tenants,” said Joe Geoghegan, Partner and Director of Development for Tidemark. “Tidemark’s Community-Minded Purpose-Built mission aligns with the Pease Development Authority’s goals of driving economic development and creating high quality jobs in the Seacoast. We look forward to working with the PDA, Fidelitone, and our long-standing partners, the Kane Company and PROCON to deliver a first-class facility at Pease.”
The project is being financed by Community Bank. “Community Bank is honored to finance this new facility at the Pease Tradeport in Portsmouth,” said Brian Seymour, Commercial Banking Officer for Community Bank. “We looked at the project from top to bottom—there’s nothing but tremendous opportunity. We look forward to partnering with Tidemark, The Kane Company, PROCON and the PDA on this important project for the Seacoast residents and community. At Community Bank, we believe that relationship banking is very important, both as people and as a financial institution.”
The project was represented by Newmark, who is marketing the balance of the building and the remaining developable space on the site. For inquiries, please reach out to Tyler McGrail at email@example.com.
Tidemark is a family-based commercial real estate development and investment firm focused on industrial, multifamily, and mixed-use. Tidemark’s strategic focus is on driving long-term value and positive community impact by developing meaningful, purposeful projects from start to finish – from site identification and acquisition, permitting and entitlement, financing and capital markets, design and architecture, construction management, lease negotiation, property and asset management, and everything in between. For more information, visit tdmrk.com
ABOUT KANE CO:
The Kane Company is among the region’s largest real estate investment and development companies. Since the early 90’s, Kane has focused on building and acquiring commercial class A and B properties. With a current portfolio of over 3.5 million square feet of office, retail, hospitality, and industrial properties in southern New Hampshire and northern Massachusetts, The Kane Company is one of the largest commercial landlords in the greater Portsmouth area. Visit www.kane-company.com to learn more.
PROCON is a single-source, architecture, engineering and construction management firm serving commercial developers throughout the Northeast. For 89 years the 4th generation Company has been built on integrity, lasting partnerships, and a steadfast commitment to client success. The Company’s one-stop-shopping approach to design, engineering and construction services means that at PROCON, every solution is just down the hall. For more information, visit https://proconinc.com/
ABOUT COMMUNITY BANK SYSTEM INC:
Community Bank System Inc. operates more than 200 customer facilities through its banking subsidiary, Community Bank N.A., and has been serving its communities for more than 155 years. With over $15.1 billion in assets, the DeWitt, New York-headquartered company is among the country’s 125 largest financial institutions. For more information on Community Bank’s checking and savings accounts, credit cards, mortgages, personal and business loans, and financial planning, visit cbna.com. Better banking starts with trust, and Community Bank is honored to be recognized for the second year in a row as one of America’s Most Trusted Companies 2023 by Newsweek. Community Bank N.A. has consistently been ranked among the top-performing U.S. banks in America by Forbes magazine since the list was first published in 2009.
FIDELITONE is a supply chain services provider with specialized solutions for inbound logistics, order fulfillment, last mile delivery and service parts management. With decades of experience, we focus on delivering service and performance that creates exceptional customer experiences and helps earn customer loyalty. Learn more about FIDELITONE at www.fidelitone.com.