Tenant set to take on ex-Lowe's building
This former Lowe's store in Manchester should have a new tenant soon. (BOB LaPREE / UNION LEADER FILE)
Gatsas also said the new tenant would occupy the entire former Lowe's site and has no plans to subdivide the property.
The closing of three New Hampshire Lowe's stores was announced in late 2011 as part of a corporate restructuring that saw 20 stores close nationwide, and layoffs affecting about 1,950 employees. New Hampshire was the hardest hit: No other state experienced more than two store closures. The Manchester and Hooksett stores opened in October 2008. The Claremont store opened in May 2010.
"You would always rather see a space like that filled," said Gatsas. "It's a good location, and the businesses already in that area will only benefit from a company with 85 employees, and looking to grow, going in there. It's good to be able to say we are finally going to fill that space."
"Once we announce the company at the Lowe's site, it will all make sense," said Gatsas. "All the pieces of the puzzle will start to fall into place."
- To what do you attribute New Hampshire's precipitous drop in rankings for business friendliness?
- Aging workforce
- Energy cost
- Govt. regulation
- High taxes and fees
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