Law Warehouses places 6 properties up for lease after loss of state contract
NASHUA — Law Warehouses Inc., which lost its contract to provide warehousing for the New Hampshire Liquor Commission more than a year ago, has placed six of its Nashua properties on the market.
“They are consolidating some of their operations. They lost a big account, but they are still a very active company,” Realtor Larry Hirsch said of Law Warehouses.
Hirsch, of Hirsch & Co. in Merrimack is serving as the real estate agent for the Law family properties that are mostly located near the Nashua Municipal Airport.
The properties, totaling nearly 430,000 square feet of space, were placed on the market last fall and are currently available for lease, Hirsch said.
“Law hopes to build up their operations and use that space again eventually. They still have a strong business, and they are strong financially,” he said, adding the vacant space simply isn’t necessary for the company right now. “We are already making good progress and good activity on the leases.”
The Law family currently owns about 30 acres of land just north of the airport, in addition to property on West Hollis Street, Hirsch said.
The properties now available for lease are mostly manufacturing and warehouse space, according to Hirsch, explaining about 20,000 square feet of property at 15 Charron Ave. has already been leased to Rapid Machining.
About 25,000 square feet remains available for lease at the Charron Avenue site. Other Law family property that is now available for lease near the airport includes 18 Airport Road, 27 Airport Road, 30 Airport Road, 17 Tanguay Ave. and elsewhere in the city at 375 W. Hollis St.
After storing state liquor for more than 40 years, Law Warehouses lost a 20-year liquor warehouse contract with the state in 2012, prompting subsequent legal action after Exel Inc. of Ohio — owned by the German firm Deutsche Post DHL — was awarded the competitive bid and eventually built a new liquor warehouse in Bow.
The Nashua company argued that apparent deficiencies with the Exel bid raised serious concerns about the legitimacy and lawfulness of the process used by the Liquor Commission to evaluate bids and award the contract.
At the time, Craig Bulkley, chief of administration for the Liquor Commission, said the Exel contract will result in about a $3 million savings to the Liquor Commission every 30 months of the contract, in addition to about $4 million in savings to suppliers and consumers.
Since losing the $200 million contract, Law Warehouses has laid off about 80 employees.