
Granite Woods Commerce Center
A Rare Gateway to Institutional-Grade Industrial Space in a High-Demand Corridor.
Webinar: August 5th, 6:00pm
Webinar: August 5th, 6:00pm


Cardia Real Estate Investments Is Pleased To Present Our Latest Investment Opportunity!
Granite Woods Commerce Center
Granite Woods Commerce Center (the Project) is a Class A Warehouse and Distribution facility situated at 47 Hackett Hill Road in Hooksett, New Hampshire. The Project is split into multiple phases: Phase I is 100,000 SF and the remaining Phases will be 400,000 SF. Upon completion of all Phases, GWCC will contain 500,000 SF, 67 loading docks, 86 trailer parking spaces, 403 car parking spaces, 2 drive-in doors, 54’ column spacing with a 60’ speed bay, and 36’ clear heights.
The project is located 1,500 feet from I-93, providing superior highway access and will be built to meet the underserved demand for institutional-grade warehouse space in the Greater Boston Metropolitan industrial market. There is active demand for 33 Million Sq Ft of industrial space in the greater Boston area with only 9.5 million in available space – a 3.5x differential.
Granite Woods is targeted towards national and large regional logistics, e-commerce, grocery, retail tenants, and non-nuisance manufacturing, being located just one-half mile from I-93, thus providing excellent transit access (50 minutes to CBD Boston/Logan Airport).
The Project site measures 45 acres in total. Final entitlement reviews, site enablement, and major infrastructure work are complete. A building permit is ready for pickup, and a regional lender is committed to providing senior construction financing for Phase I. To date, the Sponsor has invested $17,000,000 to purchase the land and fund pre-development, including horizontal construction.

MARKET OVERVIEW
ROOM TO RUN
Rental rate growth for warehouse/distribution inventory in Boston’s North market, which comprises the northeastern corner of Massachusetts near its border with New Hampshire, has greatly accelerated in the past two years as the sector’s direct vacancy rate has declined further into the single digits. This presents a significant upside opportunity for outlet submarkets that currently serve as value alternatives to Boston’s North market. In particular, the area surrounding the Manchester-Boston Regional Airport, which comprises Granite Woods’ competitive set and boasts a similarly low vacancy rate, is well positioned to leverage this room to run with respect to rental rates