NAI Norwood Group
116 South River Road
Bedford, NH United States 03110
t(603) 668 7000 f(603) 647 4325
NAI Norwood Group
Bedford
Executive Summary

Founded in 1968 by Karl and Louise Norwood, NAI Norwood Group focuses on bringing their clients professional real estate services be it brokerage, consulting, development or outsourcing.

From our two offices, (one in Bedford, based on South River Road, and our office in Portsmouth on Market Street), we are dedicated to providing you with the best service for all of your commercial real estate needs.

With its tremendous local knowledge base and its international presence NAI Norwood Group is committed to assisting the clients with their office, industrial, retail, land or investment needs. The professional team have held numerous leadership positions within the organization. They are Members of S.I.O.R.; C.C.I.M.; C.R.E. as well as New Hampshire C.I.B.O.R. .

Services
Brokerage Services
Industrial, Investment, Land, Office, Owner's Rep, Retail, Tenant Rep
Other Services
Consulting, Corporate Relocation, Corporate Services Group, Lease Administration, Property Valuation, Valuation Services

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tag:blogger.com,1999:blog-19339474186324008742016-12-06T12:30:42.503-05:00NAI Norwood Group BlogNorwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.comBlogger128125tag:blogger.com,1999:blog-1933947418632400874.post-78063096782800793302016-12-06T12:26:00.003-05:002016-12-06T12:30:42.536-05:00Commercial Real Estate in the Aftermath of the Election<div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-9xZBqwxIijI/WEb0joenGOI/AAAAAAAAAgY/J-I5cMzoiTMBT2bXfX6K9cepjzDI0CVhACK4B/s1600/Chris%2BPhoto%2BRetouch1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://2.bp.blogspot.com/-9xZBqwxIijI/WEb0joenGOI/AAAAAAAAAgY/J-I5cMzoiTMBT2bXfX6K9cepjzDI0CVhACK4B/s200/Chris%2BPhoto%2BRetouch1.jpg" width="198" /></a></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">By my count, the 2016 Presidential Election was a mind numbing 596 days and included over 20 different players. We are now down to one President-Elect and a fraction of that time to digest what that means for the United States. Of course the President-Elect was not the only party on the ballot, there were many more down ballot races that narrowed the balance of power in the US Senate and gave the Republicans control of the executive and legislature in Concord. With almost all of our federal election results in New Hampshire being decided by the slimmest of margins with both red and blue victories, I will wager that those reading this article have an equal chance at pleasure and frustration. And while there are many issues that are important in the State and throughout our Country, today’s discussion will focus on issues of concern for real estate, mostly commercial.&nbsp;</span><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Spoiler alert: No one has a clue what will happen to commercial real estate as a result of this election.&nbsp;</span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">At the top of the ticket there is a New York real estate broker President-Elect Donald Trump. He is a licensed broker, which begs the question: “What would it be like to sit through a continuing education course with him?” but I digress. For someone who has made his mark primarily in land, bricks and mortar, his campaign has been very quiet on anything relating to this sector.&nbsp; The closest we got was in the second presidential debate where carried interest and depreciation were discussed. &nbsp;While this may have been interesting for someone in my shoes, it really did not help us understand what a President Trump may do as far as changing any current taxation laws on the books. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">In Donald Trump’s “Contract with the American Voter”, released in October, he calls for “massive tax reduction and simplification” and the lowering of the business rate from 35% to 15%. This is just one bullet out of twenty-eight and does not expand much further, so we are all guessing on what the details around “simplification” could mean. &nbsp;In a Nov 10, 2016 <i>Forbes</i> article, Chief Economist for the National Association of Realtors described that he believes “trimming mortgage interest deductions [and] reducing property tax deductions”, could be on the table with a Trump presidency. &nbsp;He also added the 1031 Like-Kind Exchange could be a focus, which allows owners to sell and exchange into a larger property, while deferring the taxes that would be owed at that time. I may even add a redesign of capital gains on investment property to this list. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">All of this, in theory, makes sense. &nbsp;Mortgage interest deduction on housing, capital gains shelter on primary homes, capital gain treatment for investors of real estate, keeping 1031 Exchanges as is, if removed could all total up to close to $1 trillion dollars per year to Uncle Sam. &nbsp;However some of the key personnel in both the US House and the US Senate who have been pushing for reform of our tax code have retired. &nbsp;Even if that challenge is overcome, there are plenty of objections from special interest groups, not just real estate that would push back. &nbsp;For federal tax reform, there will be a push from the Republicans to reform. &nbsp;If it comes, I expect: a cap on all deductions for personal returns or elimination of the “stepped up basis” at time of death for a 1031 exchange investment. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">In Concord, it does not appear that there will be a tremendous shake up in the taxation of real estate or commercial real estate holdings. &nbsp;What is of interest to owners and occupants of real estate is the Governor Elect’s energy plan. &nbsp;For a typical office tenant, energy consumption can be around 10% to 20% of their overall occupancy costs. &nbsp;For retail and industrial users, the costs are much higher as the Granite State consistently is in the top 10 highest costs of energy. &nbsp;Chris Sununu’s plan calls for “increasing the availability of baseload power” and in effect increasing the supply to lower the cost. &nbsp;It is not clear if this is the path that will succeed or another option will open up, but it is clear that our elected officials know this is on the minds of commercial real estate owners and users. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">A major theme of the newly elected officials is deregulation. &nbsp;President Elect Trump calls for two regulations to go away for every new one that is created. &nbsp;In real estate speak at a federal level, it means that Republicans are sure to use their new power to change/modified/repeal all or portions of Dodd-Frank to free up lending. &nbsp;The issue is such a priority that it sits in their party platform. &nbsp;The theory behind reform is that this regulation used to reign in the mega banks and was akin to using a sledge hammer on a thumb tack for our local community banks. &nbsp;Some local banks claim to have responded to Dodd-Frank regulation by shrinking their lines of business to avoid more costly regulatory requirements. It is almost certain that the Republicans in Washington will go after Dodd-Frank, what is unclear is how the lenders will respond to the change and will that change lead to more capital for real estate and business development. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Of more interest to occupants and owners of real estate is what the Federal Reserve will do with interest rates. &nbsp;Even though the increase in rates does not have a linear effect on commercial property value, there is a correlation. &nbsp;While December seems as likely a date as any for a raise to the interest rate, the Federal Reserve is in a no-win scenario, with any action or inaction likely portrayed as a political one. &nbsp;However monetary policy typically likes stability prior to increase of rates. &nbsp;With this election cycle being anything but stable, it would seem a drastic rate hike is unlikely but a steady climb over 2017 will be forth coming. &nbsp;<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">What is clear is that as a result of the consolidation of power of the Republicans in both Concord and Washington, we are likely to see a good amount of action in the first quarter of 2017. But not even Carnac knows what that will eventually mean for the commercial real estate market. </span><o:p></o:p></div><div class="MsoNormal"><br /></div><i><span style="font-family: &quot;calibri&quot; , sans-serif; font-size: 11.0pt; line-height: 107%;">Chris Norwood is a licensed real estate broker at NAI Norwood Group, Inc. a firm that focuses on commercial real estate sales, leasing and consulting. Chris has actively lobbied with the Realtors in Washington DC for the past six years. Chris sits on the Public Policy committee for both the NH Association of Realtors and the NH Commercial Investment Board of Realtors. He also sits on the Government Affairs Committee of the Manchester Chamber of Commerce.</span></i><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-2860543280770327992016-11-29T13:41:00.000-05:002016-11-29T13:43:39.077-05:00NAI Norwood Group Supports The Salvation Army<div class="separator" style="clear: both; text-align: left;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">NAI Norwood Group is pleased to have participated in the Salvation Army's bell ringing at Harvest Market in Bedford, NH. Thank you Jay Lee for corralling the team and getting us involved!</span></div><div class="separator" style="clear: both; text-align: center;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: center;"><object width="320" height="266" class="BLOG_video_class" id="BLOG_video-bfb9185996f6ee8c" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="movie" value="https://www.youtube.com/get_player"><param name="bgcolor" value="#FFFFFF"><param name="allowfullscreen" value="true"><param name="flashvars" value="flvurl=https://redirector.googlevideo.com/videoplayback?id%3Dbfb9185996f6ee8c%26itag%3D5%26source%3Dblogger%26requiressl%3Dyes%26app%3Dblogger%26cmo%3Dsecure_transport%3Dyes%26cmo%3Dsensitive_content%3Dyes%26ip%3D0.0.0.0%26ipbits%3D0%26expire%3D1483310809%26sparams%3Dip,ipbits,expire,id,itag,source,requiressl%26signature%3D6676A710324A4DAE418DD914130A6FE8543E5069.60EC95CE8A1ADF8397D7BBCB8CA268E5887AB7B2%26key%3Dck2&amp;iurl=http://video.google.com/ThumbnailServer2?app%3Dblogger%26contentid%3Dbfb9185996f6ee8c%26offsetms%3D5000%26itag%3Dw160%26sigh%3DFynjJaI6ATjzert02DF_5EuzYBU&amp;autoplay=0&amp;ps=blogger"><embed src="https://www.youtube.com/get_player" type="application/x-shockwave-flash" width="320" height="266" bgcolor="#FFFFFF" flashvars="flvurl=https://redirector.googlevideo.com/videoplayback?id%3Dbfb9185996f6ee8c%26itag%3D5%26source%3Dblogger%26requiressl%3Dyes%26app%3Dblogger%26cmo%3Dsecure_transport%3Dyes%26cmo%3Dsensitive_content%3Dyes%26ip%3D0.0.0.0%26ipbits%3D0%26expire%3D1483310809%26sparams%3Dip,ipbits,expire,id,itag,source,requiressl%26signature%3D6676A710324A4DAE418DD914130A6FE8543E5069.60EC95CE8A1ADF8397D7BBCB8CA268E5887AB7B2%26key%3Dck2&iurl=http://video.google.com/ThumbnailServer2?app%3Dblogger%26contentid%3Dbfb9185996f6ee8c%26offsetms%3D5000%26itag%3Dw160%26sigh%3DFynjJaI6ATjzert02DF_5EuzYBU&autoplay=0&ps=blogger" allowFullScreen="true" /></object></div><div class="separator" style="clear: both; text-align: center;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="background-color: white;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">The Salvation Army operates 7,546 centers in communities across the United States. These include food distribution, disaster relief, rehabilitation centers, anti-human trafficking efforts, and a wealth of children's programs. Their work is funded through kettle donations, corporate contributions, and the sale of goods donated to our Salvation Army Family Stores. Eighty-two cents of every dollar they spend supports various missions across the country. Visit their website for more information: &nbsp;</span></span><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">http://www.salvationarmyusa.org/</span></div><br /><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-5956879738450598532016-11-28T11:01:00.000-05:002016-11-28T11:01:10.888-05:00NAI Norwood Group Sells Prime Retail Location<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Northwood NH – NAI Norwood Group is pleased to announce the sale of a 6,000+ SF retail building in Northwood NH. Deana Theriault with NAI Norwood Group represented the seller, and Debbie Forte of Cocoa Early &amp; Associates represented the buyer in this transaction. According to the Registry of Deeds the sale closed for $290,000.<o:p></o:p></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-OxaJIZ0H9e0/WDxIsoEZLVI/AAAAAAAAAgI/nnRz2SbTHCc432RCYQkFtnqOBq61OAeeACK4B/s1600/7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://2.bp.blogspot.com/-OxaJIZ0H9e0/WDxIsoEZLVI/AAAAAAAAAgI/nnRz2SbTHCc432RCYQkFtnqOBq61OAeeACK4B/s320/7.jpg" width="320" /></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">&nbsp;</span></span><span style="font-family: Arial, sans-serif;"><span style="color: #444444; font-size: large;">The mixed use building sits on 3+ acres directly on highly traveled Route 4. The property will undergo immediate renovations. Formerly home to several car dealerships and granite shops, the property will now become a cabinet store. With large store front windows, ample parking and large showroom this will be an excellent location. Northwood is home&nbsp;</span></span><span style="font-family: Arial, sans-serif;"><span style="color: #444444; font-size: large;">to the historical Antique A</span></span><span style="color: #444444; font-family: Arial, sans-serif; font-size: large;">lley as&nbsp;</span><span style="color: #444444; font-family: Arial, sans-serif; font-size: large;">well as an array of small businesses making this new cabinet store a great fit.</span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-19952988186790349582016-11-15T10:14:00.000-05:002016-11-15T10:14:21.793-05:00NAI Norwood Group Leases 9,000+SF in Bedford<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Bedford NH – NAI Norwood Group is pleased to announce the lease 9,377+/- SF of industrial/flex space at 21 Commerce Park North in Bedford NH. Chris Norwood and Jeff Lessard represented the landlord. Doug Martin of Colliers International represented the tenant.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-V2pu_xbAOno/WCskbIY6oxI/AAAAAAAAAf0/JZ-ecS1icugvFm_rD6jZYAojR4Yn4sZFwCK4B/s1600/image001.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="176" src="https://4.bp.blogspot.com/-V2pu_xbAOno/WCskbIY6oxI/AAAAAAAAAf0/JZ-ecS1icugvFm_rD6jZYAojR4Yn4sZFwCK4B/s320/image001.jpeg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">This lease finishes the ground floor releasing of a former blight building that the landlord completely renovated. The asset will be the home for Lyophilization Services of New England as well as the existing tenant Cross Fit Amoskeag. NAI Norwood Group is looking forward to leasing up the remaining flex space on the site.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;arial&quot; , sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com1tag:blogger.com,1999:blog-1933947418632400874.post-22316760939380562392016-09-20T11:30:00.000-04:002016-10-05T13:30:12.685-04:00NAI Norwood Group Sells Land to Bluebird Self Storage<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://3.bp.blogspot.com/-vC9tOowvtFc/V_U4lfwmb6I/AAAAAAAAAfI/Xgd6_H2eVEwRRTIpsug80QG7n4C0FXJIwCK4B/s1600/Bluebird%2BSS%2BPic.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://3.bp.blogspot.com/-vC9tOowvtFc/V_U4lfwmb6I/AAAAAAAAAfI/Xgd6_H2eVEwRRTIpsug80QG7n4C0FXJIwCK4B/s400/Bluebird%2BSS%2BPic.jpg" /></a><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Hooksett NH – NAI Norwood Group is pleased to announce the sale of 3+ acres in Hooksett to Bluebird Self Storage LLC. Joseph Mendola, Senior Vice-President of NAI Norwood Group represented the Seller and Scott Frankiewicz of Keller Williams of Nahua Represented the buyer in this transaction. The closing price on the land was $725,000 according to the Registry of Deeds.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Bluebird Self storage is a major developer of self storage in NH. With sites in Greenland and Dover, Bluebird has other self storage projects in Bedford and Manchester, NH. This land acquisition is their newest location in the northern end of Hooksett, NH. It will be about 80,000 gross square feet of space once completed.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;arial&quot; , sans-serif;"><o:p></o:p></span></b></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div align="center" class="MsoNormal" style="margin-right: -.25in; text-align: center;"><span style="font-family: &quot;arial&quot; , sans-serif;"># # #<o:p></o:p></span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-29384651683237763382016-08-01T09:30:00.000-04:002016-10-05T12:02:03.808-04:00Self Storage - Your next investment?<span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Begun as a niche of multifamily, self-storage has developed its own identity as a highly profitable investment. While many mom-and-pop businesses still operate in the self-storage arena, real estate investment trusts and institutional investors from universities to pension funds to the Blackstone Group are snatching up multiple deals in self-storage facilities, usually for the high end, larger facilities in urban centers.&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">For example, in December 2015, Storage Pros Management sold 37 properties for $242.5 million to a joint venture led by an institutional investment rm. In another mega-deal, Morningstar Properties and Harrison Street Real Estate Capital sold 43 of its self-storage facilities for $315 million to the self-storage REIT Public Storage in October 2013. Annually, $2 billion of transactions in self-storage take place.&nbsp;</span><br /><a href="http://1.bp.blogspot.com/-Qo6-fWEjVtc/V_UjuA5pfmI/AAAAAAAAAe4/T7wcLwJZlQg-iQFBV6Hk1zgD4XSdVCcwgCK4B/s1600/IMG_0018.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="240" src="https://1.bp.blogspot.com/-Qo6-fWEjVtc/V_UjuA5pfmI/AAAAAAAAAe4/T7wcLwJZlQg-iQFBV6Hk1zgD4XSdVCcwgCK4B/s320/IMG_0018.JPG" width="320" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">“Self-storage is the best performing sector of commercial real estate,” says C. William Barnhill, CCIM, owner of Omega Properties in Mobile, Ala. “Whether a CCIM is involved in brokering, building,&nbsp;managing, or owning self-storage facilities, it’s a great business.”&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Since he entered the self-storage marketplace in 1993, Barnhill has managed, brokered, and sold these facilities. Currently, he owns about 3,500 units in the Mobile area and manages the brokerage for self-storage facilities in Alabama, Mississippi, and the panhandle of Florida.&nbsp;</span><br /><b><u><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></u></b><b><u><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Evolving Marketplace&nbsp;</span></u></b><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Self-storage has returned 101 percent to investors from early 2008 to 2011, outperforming all other REIT categories, according to data compiled by Bloomberg. Every year at least 11 million people in the U.S. stash some of their possessions into storage units.&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">“People own a lot of things and inherit things that they don’t want to lose,” Barnhill says. “ rough the years, we have had both population growth and more people learning how to use storage.”&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">For instance, major life events o en involve greater demand for self-storage, such as birth, death, marriage, divorce, building a home, renovating a home, or downsizing a home.&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">“ The self-storage market is constructed like a pyramid with mom-and-pop owners of one to five properties at the bottom half and the top 12 percent is owned by REITs,” says William Brown field, CCIM, CRE, of Brown field &amp; Associates, LLC, in Houston. “In the middle, regional players are building new properties and buying the best mom and-pop properties. They fi x up the properties, standardize them, and may eventually sell them to REITs.” As storage has evolved, many of the facilities have changed from bare-bones, concrete and corrugated aluminum shells into more&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">attractive, climate-controlled facilities with LED lighting, which blend into good neighborhoods&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">and off er tenant insurance.</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is part of the Argus Self Storage Network. Joe Mendola, Senior Advisor, has spent the last two decades&nbsp;immersed in this type of real estate. He would be happy to answer your questions, help you locate an investment, or assist you in divesting assets in your current portfolio.&nbsp;&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">For the full article or more information please contact our offices at: 603-668-7000 or 603-431-3001 or visit us at www.nainorwoodgroup.com.&nbsp;</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Content provided by Sara S. Patterson is executive editor of Commercial&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Investment Real Estate.</span><br /><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-53508078061652783922016-07-28T14:34:00.001-04:002016-07-28T14:34:10.813-04:00Renaissance of Route 101<div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">BEDFORD NH - NAI Norwood Group, Inc. recently hosted a “Route 101 corridor” Open House showcasing the listing inventory of various commercial office and retail properties now available on the strip.&nbsp; The event was held at The Granite State Kitchen facility with Rick Sawyer, Bedford Town Manager, detailing the completed projects and via power point announced the ground breaking of several new businesses coming to the marketplace.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">To set the stage, Rick explained that Bedford has a land mass of some 32.8 square miles with a total inventory of properties assessed at 3.25 billion dollars.&nbsp; Because of the growth pattern spreading out to the Routes 101/114 area, plans are coming to fruition for a five lane traffic expansion from Route 114 to Wallace Road in 2018-2019 with paving improvements from Wallace Road to the Amherst town line.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-W62cDO6yl1o/V5pP8dNNIgI/AAAAAAAAAeg/EDokstubjbAg92r9OEdneZOnX6VfjklqQCK4B/s1600/101.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="264" src="https://3.bp.blogspot.com/-W62cDO6yl1o/V5pP8dNNIgI/AAAAAAAAAeg/EDokstubjbAg92r9OEdneZOnX6VfjklqQCK4B/s640/101.JPG" width="640" /></a></div><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">This Renaissance of Bedford has now jumped from the golden South River Road venue spilling over to Route 101 to keep pace with the commercial demands of the community.&nbsp; Newly added buildings along the corridor are ….<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;"><br /><ul><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">144 Multi Family and Work Force Housing Units</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">The Copper Door</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Bellweather Credit Union</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">CMC Family Medical Center</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Wholistic Pet</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Convenient MD</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Primary Bank</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Members 1</span><sup style="color: #444444; font-family: Arial, Helvetica, sans-serif; text-indent: -0.25in;">st</sup><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Credit Union</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">&nbsp; &nbsp; &nbsp;&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Millennium Running</span></li></ul><!--[if !supportLists]--></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">And coming soon ….<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br /><ul><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">The Bedford Village’s Inn new show stopper “The &nbsp; &nbsp; &nbsp;Bedford Grand Hotel”</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">Komma Veteriarian Clinic</span></li><li><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; font-stretch: normal; text-indent: -0.25in;">M</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large; text-indent: -0.25in;">urphy’s 22,265 s.f. Tap Room on the site of the former WeatherVane</span></li></ul></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The event was well attended by local commercial real estate brokers, bankers, state development planners and other interested parties. Bedford is having its greatest RENAISSANCE since the 1980s. Along with this continually growing economy, the medical community has grown exponentially along South River Road not to mention the extraordinary development of the Goffe Mill Plaza and Market and Main projects.&nbsp;</span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">We would be happy to provide you with the full e-mail slide presentation upon request along with our full selection of available properties in the Bedford area.</span><o:p></o:p><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Written by Louise Norwood, NAI Norwood Group, louise@nainorwoodgroup.com&nbsp;</span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com1tag:blogger.com,1999:blog-1933947418632400874.post-42775974566603076912016-07-27T12:01:00.000-04:002016-07-27T12:01:05.121-04:00NAI Norwood Group to Represent the Former Granite Rose For Sale<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://1.bp.blogspot.com/-7oKlVQuy7lA/V5jZwSutSRI/AAAAAAAAAeA/anf0m3rvthkjCXaFTus0ocwO4uva8qlWwCK4B/s1600/exterior2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="150" src="https://1.bp.blogspot.com/-7oKlVQuy7lA/V5jZwSutSRI/AAAAAAAAAeA/anf0m3rvthkjCXaFTus0ocwO4uva8qlWwCK4B/s200/exterior2.jpg" width="200" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Hampstead NH - NAI Norwood Group is pleased to have been selected to market one of New England's premier event centers, formerly operated as the Granite Rose. The 33,533 square building on 9.46 acres is beautifully designed with high quality finishes, beautifully landscaped grounds, and loads of extras. The location affords easy access to Derry, Manchester, Salem, the seacoast, and Haverhill, MA. The building can be repurposed for many other uses, including winery, brewery, distillery, church, medical facility, school, corporate offices, etc. <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://3.bp.blogspot.com/-AuX_SupoLAQ/V5jZXneyMNI/AAAAAAAAAdw/c2k7-4rX_cYZ3Wn91UwLtLmLacT9wfkCwCK4B/s1600/0071.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="132" src="https://3.bp.blogspot.com/-AuX_SupoLAQ/V5jZXneyMNI/AAAAAAAAAdw/c2k7-4rX_cYZ3Wn91UwLtLmLacT9wfkCwCK4B/s200/0071.jpg" width="200" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The C-2-zoned building was attentively planned and built with every amenity possible that one could think of - from the massive professional kitchen tied directly to the loading dock, to the two backup generators and three-story elevator, no expense has been spared.&nbsp;There is separate office space with a professional reception area, 1,200 and 600 amp electric service and parking for at least 130 cars. With an attractive new asking price the possibilities for this property are endless. Please call Pam Lynch at 603-533-9448 or Matt Bacon at 603-724-4554 for a full offering memorandum.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-HeAGv1NkBZI/V5jaPfXDaLI/AAAAAAAAAeM/wofiu5lOQqU_coF6GXnIN2uYK_DG9BFSwCK4B/s1600/GP33.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="150" src="https://3.bp.blogspot.com/-HeAGv1NkBZI/V5jaPfXDaLI/AAAAAAAAAeM/wofiu5lOQqU_coF6GXnIN2uYK_DG9BFSwCK4B/s200/GP33.jpg" width="200" /></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-33065945838785872582016-07-12T14:45:00.000-04:002016-07-12T14:51:27.009-04:00New Hampshire Malls Make the Grade<div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">BEDFORD NH - According to SCT (Shopping Centers Today) July 2016 issue, two NH malls make the top 10. Research firm Green Street Advisors completed their annual ranking of the most productive malls in the U.S. based on each center's sales per square foot, location, quality of anchor tenants, and market demand.</span><br /><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span><a href="http://1.bp.blogspot.com/-vD2FLzmscgA/V4U4UXE04hI/AAAAAAAAAdI/6uLlCjVXDNY25c3YqlrJJ3uyG5E1NRiTACK4B/s1600/mall-at-rockingham-park-07.jpg" imageanchor="1" style="clear: left; display: inline !important; float: left; font-family: arial, helvetica, sans-serif; margin-bottom: 1em; margin-right: 1em;"><span style="color: #444444; font-size: large;"><img border="0" height="133" src="https://1.bp.blogspot.com/-vD2FLzmscgA/V4U4UXE04hI/AAAAAAAAAdI/6uLlCjVXDNY25c3YqlrJJ3uyG5E1NRiTACK4B/s200/mall-at-rockingham-park-07.jpg" width="200" /></span></a><span style="color: #444444; font-size: large;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">Ranked at number 3 is The Mall at Rockingham Park, Salem NH. Annual sales psf: $2,170. Owner: Simon</span><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">.</span></span></div><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: small;"><br /></span><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: small;"><br /></span></span></div><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><a href="http://4.bp.blogspot.com/-EjaF9NHxhMk/V4U5H7GN2QI/AAAAAAAAAdQ/liuaB0WcDaUZIXyw04OfAuRW785tya9xQCK4B/s1600/Pheasant-Lane-Mall.gif" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #444444; font-size: large;"><img border="0" height="130" src="https://4.bp.blogspot.com/-EjaF9NHxhMk/V4U5H7GN2QI/AAAAAAAAAdQ/liuaB0WcDaUZIXyw04OfAuRW785tya9xQCK4B/s200/Pheasant-Lane-Mall.gif" width="200" /></span></a><span style="color: #444444;"><span style="font-size: large;">Ranked at number 5 is the Pheasant Lane Mall, Nashua NH. Annual sales psf: $1,595. Owner: Simon.&nbsp;</span></span></span></div><div style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></span></div><div style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></span></div><div style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></span></div><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><u>Here are the top ten:</u></span></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><div style="text-align: center;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><a href="http://1.bp.blogspot.com/-pwxO01b3zFo/V4U5zPDtKFI/AAAAAAAAAdc/S_DCV_P5G3oezpJXKlF4d6UFtmyrDbkeACK4B/s1600/Capture%2BICSC.JPG" imageanchor="1"><img border="0" height="640" src="https://1.bp.blogspot.com/-pwxO01b3zFo/V4U5zPDtKFI/AAAAAAAAAdc/S_DCV_P5G3oezpJXKlF4d6UFtmyrDbkeACK4B/s640/Capture%2BICSC.JPG" width="480" /></a></span></span></div></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span></div><div style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">All information is courtesy of ICSC's Shopping Centers Today Magazine. For more information please visit their website at: www.icsc.org.</span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div><div style="font-size: x-large; text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><span style="color: #444444;"><br /></span></span></div>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-2450236864003187422016-07-06T12:33:00.000-04:002016-07-06T12:33:59.937-04:00NAI Norwood Group Visits NAI Korea<div class="MsoNormal"><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Bedford NH - Jay Lee, from NAI Norwood Group, recently visited NAI Korea. We asked Jay to tell us a little bit about his visit. <o:p></o:p></span></div></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody><tr><td style="text-align: center;"><a href="http://1.bp.blogspot.com/-fbgVNKZ66Lo/V30wW1xuB_I/AAAAAAAAAc4/-wsNX2_uX7UUcedQ5tTt0CxsQfV70LaBACK4B/s1600/20160617_142654.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="225" src="https://1.bp.blogspot.com/-fbgVNKZ66Lo/V30wW1xuB_I/AAAAAAAAAc4/-wsNX2_uX7UUcedQ5tTt0CxsQfV70LaBACK4B/s400/20160617_142654.jpg" width="400" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;">(Left to Right: Richard Song, Jay Lee, and Steve Oh)</span></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">“I recently visited NAI Korea on June 17th, 2016.&nbsp; The office is located in the middle of financial district in the Gang-Nam Area.&nbsp; It's an open space with 1st class amenities which resembles a large stock market trading room with 60 working agents.&nbsp; <o:p></o:p></span></div></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">I met with Shin Ko, COO, Ray Cho, Mark Lim, Richard Song and Steve Oh.&nbsp; We discussed a variety of topics relating to commercial real estate in Korea and the US in order to fully understand and recognize the needs and reasons for Korean Investors to invest in the US market, some of which include: <o:p></o:p></span></div></div><div class="MsoNormal"><div style="text-align: justify;"></div><div class="separator" style="clear: both; text-align: center;"><br /></div><ul><li><span style="color: #444444; text-indent: -0.25in;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Stable market conditions create a favorable long term investment environment.&nbsp;</span></span></li><li><span style="color: #444444; text-indent: -0.25in;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Predictable Return on Investment provides the place to "park money".</span></span></li><li><span style="color: #444444; text-indent: -0.25in;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">The US real estate market offers value and service opportunities to the NAI Korea advisors because it differentiates from other brokerages and collaborates with US investors with Korean properties.</span></span></li></ul></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">In addition, this a great opportunity for Korean investors to explore more prosperous investments than to what they are accustomed. Furthermore, the best part of this visit was a great lunch with the advisors.&nbsp; Their hospitality was greatly appreciated.”<o:p></o:p></span></div></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Thank you for sharing your experience, Jay. We will look forward to working with NAI Korea.<o:p></o:p></span></div></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><div style="text-align: justify;"><span style="background: white; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">NAI Norwood Group has been bringing professional real estate services to their clients since 1968. The firm offers its clients specialized services in all aspects of the real estate spectrum from brokerage, consulting, development and outsourcing. Through their international affiliation with NAI Global, NAI Norwood Group is committed to serving New Hampshire, New England and the world.<o:p></o:p></span></span></div></div><div class="MsoNormal"><div style="text-align: justify;"><br /></div></div><div class="MsoNormal"><div style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><span style="background: white; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt;">NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide you with exceptional solutions to your commercial real estate needs</span>.</span><o:p></o:p></div></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-16947777038507867642016-06-17T12:25:00.003-04:002016-06-17T12:26:38.843-04:00NAI Norwood Group Sells NeWest Mall<div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><a href="http://3.bp.blogspot.com/-YkeU6N-n9yU/V2QkBGSMURI/AAAAAAAAAcY/JavAmfkdrJ0o6isFbZp7hQWdimDnbR53ACK4B/s1600/20130823_105124_resized.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="150" src="https://3.bp.blogspot.com/-YkeU6N-n9yU/V2QkBGSMURI/AAAAAAAAAcY/JavAmfkdrJ0o6isFbZp7hQWdimDnbR53ACK4B/s200/20130823_105124_resized.jpg" width="200" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">New Ipswich NH – NAI Norwood Group is pleased to announce the sale of the NeWest Mall located at 800 Turnpike Road in New Ipswich. Judy Niles-Simmons and Chris Norwood represented the Seller Tower Realty Trust. Dave Gambaccini of KW represented the buyer, Porti Realty, LLC. According to the NH Registry of Deeds, the sale closed on June 3, 2016 in the amount of $550,000.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">This 22,500+/- SF investment asset was sold to a local party who hopes to take advantage of the exiting lease income from both the local tenants as well as the existing United States Post Office Lease. 800 Turnpike Road (AKA NeWest Mall) is a local community center and one of the few retail assets in the town of New Ipswich. Optima Bank and Trust provided the financing for the buyer.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-yEODbiU6pmM/V2QkIbc9gWI/AAAAAAAAAcg/k6y_TIaanX48H5H1cCCQcbyXMzHQr9ekwCK4B/s1600/PictometryExport.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><img border="0" height="145" src="https://1.bp.blogspot.com/-yEODbiU6pmM/V2QkIbc9gWI/AAAAAAAAAcg/k6y_TIaanX48H5H1cCCQcbyXMzHQr9ekwCK4B/s320/PictometryExport.jpg" width="320" /></span></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><b><span style="color: #373737; font-family: &quot;arial&quot; , sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-54895097890096644752016-06-17T09:52:00.000-04:002016-06-17T09:59:32.721-04:00Development Opportunity in Downtown Concord NH<div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Matt Walsh the Director of Redevelopment, Downtown Services and Special Projects in the City of Concord, walked through NAI Norwood Group’s Listing at 32 South Main Street with Chris Norwood, President of NAI Norwood Group, Inc. &nbsp;Norwood captured this photo looking North from the roof of the listing, the former Employment Securities site. The site is owned by the City and they are seeking developers to demolish the building and continue the growth from the Capital Commons Project, the “Smile!” Building and others. &nbsp;The photo captures a spectacular view of the renovations on the Statehouse dome. A new developer may be able to go higher than the current image shows based upon similar development. The City desires some form of mixed use in this area. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-GO8HR12A6kg/V2P_aU1DomI/AAAAAAAAAcI/S4Aj0Uiub8gcKYh6hRaMPM45_8EazZv0gCK4B/s1600/20160616_115450.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://2.bp.blogspot.com/-GO8HR12A6kg/V2P_aU1DomI/AAAAAAAAAcI/S4Aj0Uiub8gcKYh6hRaMPM45_8EazZv0gCK4B/s400/20160616_115450.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><span style="color: #444444;"><br /></span></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><span style="color: #444444;">Also in the photo is the Main Street project renovation. &nbsp;This image shows how the project has moved to South Main after the work was completed North of Pleasant Street. Additional work is projected to be done to bury the utility lines in front of the 32 South Main Street site. </span><span style="color: #1f497d;"><o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><br /></div><br /><br /><span style="font-family: Arial, Helvetica, sans-serif;">For more information on South Main Street -&nbsp;<a href="http://www.concordmainstreetproject.com/">http://www.concordmainstreetproject.com/</a><br /><br /><br />For more information on the listing -&nbsp;<a href="https://nainorwoodgroup.catylist.com/listing/29848800">https://nainorwoodgroup.catylist.com/listing/29848800</a></span><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: small;"><span style="color: #1f497d; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></span><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: small;"><span style="color: #1f497d; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;"><br /></span></span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-21101432422618209632016-06-14T11:26:00.002-04:002016-06-14T14:16:07.591-04:00Congratulations Karl Norwood<div style="text-align: justify;"><a href="http://2.bp.blogspot.com/-3_JX_7sbTAk/V2AiEiMpGGI/AAAAAAAAAb4/rM_fKmt1THQ2PMLVK7JIeCmQVI4m1mSowCK4B/s1600/Karl_Norwood.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://2.bp.blogspot.com/-3_JX_7sbTAk/V2AiEiMpGGI/AAAAAAAAAb4/rM_fKmt1THQ2PMLVK7JIeCmQVI4m1mSowCK4B/s200/Karl_Norwood.JPG" width="133" /></a><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: x-small;"><span style="font-family: arial, helvetica, sans-serif; font-size: large;">BEDFORD NH - NAI Norwood Group would like to congratulate Karl Norwood on receiving two awards at the 2nd Annual </span><a href="http://www.nhcibor.com/" target="_blank"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">NHCIBOR</span></a><span style="font-family: arial, helvetica, sans-serif; font-size: large;"> Commercial Real Estate Awards. Karl was honored with the award for Suburban/Rural Deal of the Year which was for the disposition of the former </span><a href="http://nainorwoodblog.blogspot.com/2015/09/nai-norwood-group-sells-chester-college.html" target="_blank"><span style="font-size: large;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: medium;">Chester</span><span style="font-family: arial, helvetica, sans-serif; font-size: large;"> College</span></span></a><span style="font-family: arial, helvetica, sans-serif; font-size: large;"> in Chester, NH. The Industrial Sale of the Year award was given for the sale of 655 S Willow Street in Manchester NH. This was the former </span><a href="http://nainorwoodblog.blogspot.com/2015/10/osram-sylvania-building-sold-nai-norwood-group.html" target="_blank"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">OSRAM Sylvania</span></a><span style="font-family: arial, helvetica, sans-serif; font-size: large;"> building which was comprised of 15 acres and over 300,000 SF.</span></span><br /></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: x-small;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: arial, helvetica, sans-serif; font-size: large;">NHCIBOR’s 2nd Annual New Hampshire Commercial Real Estate Awards were held on June 6, 2016 at The Puritan Backroom Function Facility in Manchester, NH. This event provides incredible recognition and publicity for the commercial real estate market and community in New Hampshire.&nbsp; It is also a fundraising event for </span><a href="http://www.nhcibor.com/advocacy/nhciborcares/" target="_blank"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">NHCIBOR Cares</span></a></span><span style="font-family: arial, helvetica, sans-serif; font-size: large;"><span style="font-family: Arial, Helvetica, sans-serif;"> as a 501c3 organization.&nbsp; Last year this event netted over $6,000 that was distributed to local non-profits throughout the state</span><span style="font-family: arial, helvetica, sans-serif; font-size: small;">.</span></span></span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="https://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-5048017198037666452016-06-08T14:26:00.000-04:002016-06-08T14:26:10.788-04:00NAI Norwood Group Welcomes Jeff Lessard<div style="text-align: justify;"><a href="http://1.bp.blogspot.com/-FLPM_UuQs8E/V1hirb3BZ_I/AAAAAAAAAbo/gPQ2iWE1obYd140j89HXiEMGTdvRnWLjACK4B/s1600/Jeff%2BLessard.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://1.bp.blogspot.com/-FLPM_UuQs8E/V1hirb3BZ_I/AAAAAAAAAbo/gPQ2iWE1obYd140j89HXiEMGTdvRnWLjACK4B/s200/Jeff%2BLessard.jpg" width="198" /></a><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="color: #444444;">BEDFORD NH - NAI Norwood Group is pleased to announce Jeff Lessard has recently joined the firm as a commercial real estate Advisor in the Bedford office. Jeff is a 2015 graduate of Saint Anslem College, graduating with honors as a member of the Dean’s list. While at Saint Anslem, Jeff was actively involved in numerous school activities, in addition to his active participation with local community &amp; charitable organizations. Jeff initiated and spearheaded the efforts of Relay for Life, multiple St. Jude fundraisers and marketing foundations, as well as holiday food baskets for those in need.</span></span></div><div style="text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="color: #444444;"><br /></span></span></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">As Jeff was interviewing with several other prominent commercial real estate firms, it became evident to Jeff that in order to succeed in this highly competitive business, as with high level athletics, the importance of surrounding himself with great teachers, mentors and coaches. “Going around to the other firms in the area, I recognized the importance of aligning myself with those that possess the same level of desire, passion and tenacity that I will bring to the firm. I met with a lot of great individuals, but to be honest, the level of dedication to training and one-on-one coaching is exactly what anyone new to this business needs to be successful over the long term. The Norwood family name is synonymous with New Hampshire commercial real estate. I am truly looking forward to great things with the Advisors and leadership at NAI Norwood Group. Something else that really impressed me is the level of comfort and family culture that is carried out by everyone at the firm,” said Lessard.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Jeff recognizes that since he is just starting what will be a long successful career in the commercial real estate industry, he needs to learn as much detail as he can about the differences between each sector of the industry in order for him to best serve his clients and fully understand and appreciate the nuances of each property type. Jeff looks forward to experiencing the depth and breadth of the Advisors experience he can always access at NAI Norwood Group, and the feeling is mutual. Said Karl Norwood, Founder and Principal of the firm bearing his name, “We are extremely proud to have Jeff join our Team. Along with two other recent additions to our Advisory Team, Jeff brings a level of enthusiasm and desire to learn that is refreshing and contagious by all! I’m confident our relationship together will be mutually gratifying and I am excited to follow the trajectory of Jeff’s personal and professional growth with our company.”<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Jeff is actively involved in local and statewide business groups, chambers of commerce and other networking initiatives. He is extremely well versed at placing customer and client needs ahead of all else, having deep experience with customer service and exceeding expectations at his previous work related experiences. &nbsp;&nbsp;&nbsp;</span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Jeff grew up locally and will initially focus his real estate activities in southern and central New Hampshire, bringing local business and community insight and tenacity to each assignment.</span><o:p></o:p></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-39251273078362779582016-03-23T16:24:00.000-04:002016-03-23T16:24:32.670-04:00NAI Norwood Group Leases Retail Space in Cape Neddick, Maine<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Cape Neddick (York), Maine – NAI Norwood Group is pleased to announce the lease of retail space at 1300 US Route 1, Cape Neddick, Maine. Pam Lynch, of NAI Norwood Group, represented the landlord and assisted the tenant, Grass Roots.<o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-x46xrkbjhGM/VvL7NdHbXdI/AAAAAAAAAbM/DVekJ36WbWcyvfByUqGzMD1ga8SdC-Nog/s1600/315.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://1.bp.blogspot.com/-x46xrkbjhGM/VvL7NdHbXdI/AAAAAAAAAbM/DVekJ36WbWcyvfByUqGzMD1ga8SdC-Nog/s320/315.JPG" width="320" /></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Grass Roots, formerly of Ogunquit, has relocated to The Cape Neddick House, at 1300 US Rt. 1, York. They will open in March, offering massage and a wide variety of wellness body treatments and services, as well as a natural supplement store and juice bar. The Cape Neddick House is also home to the newly expanded Shops at Cape Neddick and The Ice Cream House. The space Grass Roots will occupy is approximately 2,600 SF. <o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="font-family: Arial, sans-serif;"><o:p></o:p></span></b></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div align="center" class="MsoNormal" style="margin-right: -.25in; text-align: center;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;"># # #</span><o:p></o:p></span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-40609351461201013292016-03-22T14:51:00.000-04:002016-03-22T14:51:39.754-04:00DOWNTOWN MANCHESTER OFFICE BUILDING FOR SALE WITH PARKING<div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;">Manchester NH - NAI Norwood Group is pleased to be presenting to market two parcels for sale jointly or separately. <o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><a href="http://1.bp.blogspot.com/-h5FdpxwwGG0/VvGTqp8TQ_I/AAAAAAAAAa8/31p8o3tpDzUo-kY3IgJSoNhCSu3xmOLJA/s1600/Aerial2.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="208" src="https://1.bp.blogspot.com/-h5FdpxwwGG0/VvGTqp8TQ_I/AAAAAAAAAa8/31p8o3tpDzUo-kY3IgJSoNhCSu3xmOLJA/s320/Aerial2.jpg" width="320" /></a><span style="color: #444444; font-size: large;"><u><span style="font-family: Arial, sans-serif;">300 Hanover Street</span></u><span class="apple-converted-space"><span style="font-family: Arial, sans-serif;">&nbsp;</span></span><span style="font-family: Arial, sans-serif;">is a single story 20,360+/- SF brick building located downtown area of the City of Manchester, NH. &nbsp;It is centrally located just over one mile from Exit 6 (Granite Street) on 293 and just two miles away from Exit 7 (Hanover Street) on 93.&nbsp; A rare find in the City to have an office building with this density of parking. The property is located in the R-3 (PO) Urban Multifamily District (Professional Office Overlay) zone. Current use is for office space for the New Hampshire Department of Employment Security (NHES). &nbsp;</span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-size: large;"><u><span style="font-family: Arial, sans-serif;"><span style="-webkit-user-select: text; box-sizing: border-box;">436 Maple Street</span></span></u><span class="apple-converted-space"><span style="font-family: Arial, sans-serif;">&nbsp;</span></span><span style="font-family: Arial, sans-serif;">is approximately 7,000 SF, (0.16+/-) acres, located on the corner of Maple and Hanover Streets. It is currently being used as parking lot for&nbsp;the properties at both 298 and 300 Hanover Street and has been marked for 20 spaces. Potentials include maintaining its existing use as parking or redevelopment. &nbsp;</span> <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif;">The properties are being sold through a structured sale with tour dates and offer dates outlined in the due diligence documents found on this site. Should buyers wish to conduct additional tours outside the scheduled times listed then they should reach out to the listing brokers. Properties are being sold "As-Is" and subject to&nbsp;<a data-link-type="website" href="http://nh%20rsa%204:40/" style="background-position-x: 0px; background-position-y: 0px; box-sizing: border-box; outline: 0px;" target="_blank">NH RSA 4:40.&nbsp;</a></span><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;">“This is a rare opportunity to own a building in downtown Manchester with suburban parking amenities. There is also a potential leaseback on a portion of the space from the NHES that could work well for an investor or user.” Said Chris Norwood, President of NAI Norwood Group.<o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;">Please visit <a href="http://www.hanoverandmaple.com/">www.hanoverandmaple.com</a> for the due diligence package and further details.<o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><span style="font-family: &quot;Arial&quot;,sans-serif; font-size: 11.0pt;"><o:p></o:p></span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-49991553741474561382016-03-01T13:38:00.000-05:002016-03-01T13:39:04.257-05:00NAI Norwood Group Brokers Successful 5-Property Self-Storage Transaction - Largest in NH<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://4.bp.blogspot.com/-bEVmouEWxPo/VtXgs55FxkI/AAAAAAAAAaM/8UwmxEiNg_U/s1600/Joe_Mendola.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://4.bp.blogspot.com/-bEVmouEWxPo/VtXgs55FxkI/AAAAAAAAAaM/8UwmxEiNg_U/s200/Joe_Mendola.JPG" width="133" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The NAI Norwood Group announced today the successful completion of a Granite Clover Self-Storage 5-property sale to National Storage Affiliates Trust (“NSA”) (NYSE: NSA). The assets were acquired by NSA from multiple entities under the Granite Clover Self-Storage trademark.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The transaction was valued at approximately $28.8 million and consists of approximately 235,000 rentable square feet with approximately 1,900 self-storage units. This sale is the largest all New Hampshire self-storage portfolio sold in Southern New Hampshire in the last twenty years. The 5-property portfolio is located throughout Amherst, Nashua, Londonderry, Derry and Pembroke, New Hampshire.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Joseph Mendola, Senior Vice-President of NAI Norwood Group, who represents the Argus Self-Storage Sales Network in Northern New England, represented the seller in this transaction and assisted the buyer. Mendola also represented the seller in the sale of the Dover, Bow, Somersworth, and Wakefield properties to Optivest Properties, Inc. Optivest is a NSA Participating Regional Operator.<o:p></o:p></span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-iki-fQ-WVvQ/VtXgj7QRIZI/AAAAAAAAAaE/WUYruxE9Em8/s1600/Pembroke.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><img border="0" height="133" src="https://4.bp.blogspot.com/-iki-fQ-WVvQ/VtXgj7QRIZI/AAAAAAAAAaE/WUYruxE9Em8/s200/Pembroke.JPG" width="200" /></span></a></div><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The self-storage asset both regionally and nationally has been a very favorable asset class to own partly because of the significant change in demographics across the country. The millennium generation has decided it is better to rent instead of own a home in this market. Consequently, this shift in demand for housing has been very attractive for apartments and the self-storage industry. Occupancies in these two asset classes are at all-time highs.</span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="https://2.bp.blogspot.com/-M8217mOraKE/VtXg0XBxfBI/AAAAAAAAAaU/I1F2U7hIdnU/s1600/Derry.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="133" src="https://2.bp.blogspot.com/-M8217mOraKE/VtXg0XBxfBI/AAAAAAAAAaU/I1F2U7hIdnU/s200/Derry.JPG" width="200" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">This phenomenon, along with a very low interest rate market, has caused significant cap rate compression for valuing income from real estate. The value of self-storage has increased significantly in the last five years and the demand for these steady high-yielding assets has also risen tremendously. If an owner is thinking about selling self-storage there is not a better time than now to do so.<o:p></o:p></span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://2.bp.blogspot.com/-M8217mOraKE/VtXg0XBxfBI/AAAAAAAAAaU/I1F2U7hIdnU/s1600/Derry.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"></span></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">About Joseph Mendola and NAI Norwood Group</span><br /><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Mr. Mendola is the Argus Self-storage Sales Network representative covering Northern New England for Argus. Mendola has specialized in the brokerage of self-storage for the last 20 years. The Argus sales network sold over $250 million worth of self-storage in 22 states in 2015.</span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="font-family: &quot;arial&quot; , sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms. Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;arial&quot; , sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;arial&quot; , sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><b><span style="color: #373737; font-family: &quot;arial&quot; , sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0Bedford, NH, USA42.9463291 -71.51320079999999342.8533346 -71.674562299999991 43.0393236 -71.3518393tag:blogger.com,1999:blog-1933947418632400874.post-72942606453925681452016-02-12T13:19:00.000-05:002016-03-15T13:20:58.276-04:00NAI Norwood Group Sells Investment Property in Keene<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><a href="http://4.bp.blogspot.com/-aVfTEtFNlog/VuhD-RssC7I/AAAAAAAAAas/l1gAD0Hw4t49K_6nvyoOZ5YP813ZeU8HQ/s1600/IMG_0667.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="240" src="https://4.bp.blogspot.com/-aVfTEtFNlog/VuhD-RssC7I/AAAAAAAAAas/l1gAD0Hw4t49K_6nvyoOZ5YP813ZeU8HQ/s320/IMG_0667.JPG" width="320" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Keene, NH – NAI Norwood Group is pleased to announce the sale of 333 Winchester Street in Keene NH. Aron Brown of NAI Norwood Group represented the seller, MAV Realty Trust. According to the Registry of Deeds the Sale closed on February 3, 2016 in the amount of $1,250,000.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">333 Winchester Street is a former free standing Pizza Hut location. The 5,600+/- SF building will most likely be subdivided by the new owners, Lisciotti Development, to accommodate a multi-tenant building. The property is located in one of the busiest shopping areas in Keene. It’s great investment for Lisciotti Development. <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.<b><o:p></o:p></b></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-91979640389601921922015-10-29T13:09:00.000-04:002015-11-10T13:11:52.814-05:00OSRAM Sylvania Building Sells in Manchester NH<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Manchester NH – NAI Norwood Group is pleased to announce the sale of 655 South Willow Street in Manchester NH. Karl Norwood and John Hoben of NAI Norwood Group represented German based OSRAM Sylvania and their real estate advisor, DTZ, Inc. to successfully bring the property to the market, procure the buyer, and complete the transaction at a purchase price in excess of the marketing price.&nbsp; The property was purchased by a joint venture of Brady Sullivan Properties, LLC and The Anagnost Companies, Inc. Realty and Development of Manchester.&nbsp; According to the NH Registry of Deeds, the transaction was completed on October 26, 2015 in the amount of $4,200,000. <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-YIypy0BfKtg/VkIyp0wnmNI/AAAAAAAAAZc/-nV_QoQhRI0/s1600/655%2BS%2BWillow%2BMain%2BPic.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="152" src="http://1.bp.blogspot.com/-YIypy0BfKtg/VkIyp0wnmNI/AAAAAAAAAZc/-nV_QoQhRI0/s320/655%2BS%2BWillow%2BMain%2BPic.JPG" width="320" /></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The 300,000+ SF multi-building manufacturing complex sits on 15+/- acres along Manchester’s South Willow Street retail corridor. The new proposed project includes adding another 10-12 retailers to the Queen City retail corridor and will bring jobs not only in the retail sector but in construction as well. <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">“We are pleased to have assisted OSRAM Sylvania in meeting their objectives,” said Norwood, “and are also heartened that the strong, local buyer team has embarked on an exciting reuse and redevelopment program for this important community asset.”&nbsp;&nbsp;&nbsp; <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-L3ESCxBsuZQ/VkIyvZkwnjI/AAAAAAAAAZk/qymdMgS3H4c/s1600/Aerial.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="245" src="http://4.bp.blogspot.com/-L3ESCxBsuZQ/VkIyvZkwnjI/AAAAAAAAAZk/qymdMgS3H4c/s320/Aerial.JPG" width="320" /></a></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-21162606751303338722015-10-26T12:58:00.000-04:002015-11-10T16:29:49.783-05:00FORMER FAIRPOINT BUILDING IN MERRIMACK SOLD<div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">Merrimack NH – NAI Norwood Group is pleased to announce the sale of 237 Daniel Webster Highway in Merrimack, NH. Norton Asset Management represented the seller, C&amp;I Investment Associates. Aron Brown, of NAI Norwood Group, represented the buyer, Shellback Harbor LLC. The transaction closed on October 15, 2015 in the amount of $3,500,000 according to the Registry of Deeds.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">The former Fairpoint Communications home consists of 68,870+/- SF on 9.5+/- acres. Shellback Harbor LLC, formerly based in Concord NH, will now be doing business as BES&amp;T Global Commissioning, and it will become their world headquarters. <o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -.25in; text-align: justify;"><span style="color: #444444; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;arial&quot; , sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-32983627336843226792015-09-28T15:38:00.000-04:002015-09-28T15:38:48.012-04:00New Climate Controlled Storage Facility in Sutton MA<span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Sutton MA – After months of planning and going through the motions of the approval process, NAI Norwood Group has successfully assisted Sutton Outlook Ventures, LLC in gaining the planning board’s approval for a new climate controlled storage facility in Sutton, MA.</span><div><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /><span style="background-color: white;"></span></span><div class="MsoNormal"><a href="http://2.bp.blogspot.com/-C01vHAlZXKg/VgmW3y7nfVI/AAAAAAAAAZE/gkWOmIYWDb0/s1600/Elevation.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="180" src="http://2.bp.blogspot.com/-C01vHAlZXKg/VgmW3y7nfVI/AAAAAAAAAZE/gkWOmIYWDb0/s320/Elevation.jpg" width="320" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The new facility is approved to be 81,000+/- SF and 479 climate controlled units. The other 37 units are non-climate controlled. There is a possibility for an expansion of an additional 10,500+/- SF with fifteen 700+/- SF units for RV and vehicle storage.<o:p></o:p></span></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The facility will be located on Gilmore Drive just off Exit 5 on Route 146. The site was selected for MassEcon ReadyMass Top 100 Properties.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp;&nbsp;Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit<a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script></div>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-27592245029497264202015-09-10T10:59:00.000-04:002015-09-10T10:59:25.112-04:00CoStar Presents NAI Norwood Group with 2014 Power Broker Award<div class="MsoNormal" style="margin-right: -.25in;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Bedford NH – In August 2015, CoStar presented NAI Norwood Group with the 2014 Power Broker Award in the category of Top Leasing Firm in the Greater Boston Area. This award recognizes companies that achieve high levels of leasing transaction volume in 2014, in which a company acted as the agent or broker on any office, retail, flex and industrial property lease transaction. <o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -.25in;"><br /></div><div class="MsoNormal" style="margin-right: -.25in;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">CoStar's commercial real estate database is the largest and most comprehensive database of commercial real estate information in the country. They create opportunity through a combination of reliable tools, resources, and deep understanding on over 4.5 million commercial real estate properties in today’s market.<o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -.25in;"><br /></div><div class="MsoNormal" style="margin-right: -.25in;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-5947221500614922742015-09-10T10:15:00.000-04:002015-09-10T10:15:39.258-04:00NAI Norwood Group Completes Sale of Former Chester College<div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Chester NH – NAI Norwood Group is pleased to announce the final sale of the former Chester College of New England. The parcel(s) contained four buildings totaling approximately 50,000sf, containing dining facilities, classrooms, library and dorm room space. The sale closed on August 28, 2015 in the amount of $1,530,000 according to the NH Registry of Deeds.<o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;"><br /></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-U9bRR7Sq0io/VfGQIykgQZI/AAAAAAAAAYk/VhQ_WkOO7VY/s1600/Full%2BCampus%2BAerial.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="317" src="http://3.bp.blogspot.com/-U9bRR7Sq0io/VfGQIykgQZI/AAAAAAAAAYk/VhQ_WkOO7VY/s400/Full%2BCampus%2BAerial.jpg" width="400" /></a></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">The buyer was Busch International, Inc. In addition to seeking accreditation from the State of New Hampshire, the school is hoping to make improvements to the campus. The company’s spokesperson, Lei Wang, said, “The campus will be used as a private school and it is planned to open in May 2016.” The private education facility will attract students from across the globe. Approximately 200 students ranging in grades from 7-12 will be living and going to school onsite with yearly rotating enrollment. <o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Chester College closed its doors in May 2012 as a result of the declining enrollment in a recessed economy. NAI Norwood Group’s Karl Norwood, Chris Norwood, and John Hoben, began marketing the campus in its entirety soon after the doors closed. Two parcels, each with significant buildings, were sold and repositioned quickly, prior to this most recent transaction.<span class="msoDel"><del cite="mailto:Chris%20Norwood" datetime="2015-09-04T09:07">.</del></span> NAI Norwood Group was pleased to have found an educational use for the remainder of the campus. <o:p></o:p></span></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit </span><a href="http://www.nainorwoodgroup.com/"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">www.nainorwoodgroup.com</span></a><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span></span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-39438674563215574862015-07-31T12:55:00.000-04:002015-07-31T12:55:30.238-04:00Did the Fed Indicate Cap Rates Will Rise?<div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">According to the Wall Street Journal the last time the central bank had its short term interest rate more than nominally above zero, was some 2400 days ago. At that time, US Airways flight 1549 landed safely in the Hudson; the Steelers beat the Cardinals in the Superbowl; it was a blue moon ago!&nbsp;</span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Seriously, if you are into blue moons, Friday July 31<sup>st</sup> actually is a blue moon. 2009 was also before current Fed Chair, Janet Yellen had been sworn into her post. Now in the heat of the summer, after their most recent meet, there is speculation that the Fed may consider setting the clock back to pre-2009, and raise the interest rates. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Indications are speculative. Bill Belichick gives away more in his press conferences than Yellen does in hers. Still with three meetings left in the year, and the major economic indicators going from yellow to green, the Fed may consider a raise. If that happens, what will happen to the commercial real estate values and their capitalization rates?<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The capitalization rate, or cap rate, is on indicator of a property’s value in the market. It acts like a yield on a bond. Baked into a cap rate is the risk profile for the property, the buyers assessment of value and the buyer’s cost of capital. As cap rates increase values of properties go down. So would it follow that a rise in the central bank rate would indicate a rise in cap rates and a decrease in commercial real estate? Spoiler alert: No. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Recent Studies by Forbes and Morgan Stanley both agree that while this rule may work in a macro economics class, it will likely not be a factor for us this coming Fall. The reasoning lies with the complexity of the system. If the Fed raises the base rate, banks will not directly raise their rates on par. There is huge competition today in the debt markets. At last check there are 9 banks in Bedford alone not counting the two new branches about to open! That does not even get into the other lenders for commercial investment real estate, such as CMBS, life money and other players.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Additionally in order for property values to decline, we would have to go back to a golden rule of Econ 101, supply and demand. Quality investment and user assets are still at a premium. New construction, while increasing in New Hampshire, is not creating an oversupply of for sale assets on the market. IF the Fed raises rates and IF banks respond accordingly, the market is still tight with quality property and full of investors. The likelihood that rates will rise enough to chase people out of commercial real estate and into risk free returns such as CDs or bonds, is the same as Belichick and Yellen singing a duet in that same press conference. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Of course all of this speculation is both macro and in the near future. Interest rates take time to work through the system and get from Washington down to the local appraiser valuing an asset. Additionally, if rates do rise and banks respond accordingly, we may see some owner occupants leave the buying game and decide it is cheaper to lease. But that too takes time to work through the system. Until then we will monitor both Yellen and Belichick for signs of what the Fall will bring.&nbsp;<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Written by Chris Norwood, NAI Norwood Group, cnorwood@nainorwoodgroup.com.&nbsp;</span></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com1tag:blogger.com,1999:blog-1933947418632400874.post-33639070875048707772015-07-27T10:18:00.000-04:002015-07-27T11:17:33.049-04:00NAI Norwood Group Sells Former Nashua Courthouse<div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Nashua NH – NAI Norwood Group is pleased to announce the sale of the former Nashua Courthouse located at 25 Walnut Street. Judy Niles-Simmons and Karl Norwood represented the seller, the State of New Hampshire, in the transaction. According to the registry of deeds, the sale closed on June 18, 2015 for $720,000.<o:p></o:p></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-1RELiC6EsQU/VbY9HmsMePI/AAAAAAAAAXk/E3r1ytk084A/s1600/IMG_3607.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://4.bp.blogspot.com/-1RELiC6EsQU/VbY9HmsMePI/AAAAAAAAAXk/E3r1ytk084A/s320/IMG_3607.JPG" width="320" /></a></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">&nbsp;</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The former Nashua -Courthouse, located at the Walnut Street oval, has a new owner, Walnut Nashua, LLC.</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">&nbsp; </span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">This downtown property is ready for its new life in the private sector.</span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">&nbsp; </span><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The new owner had not revealed his plans for this 28,621+/- square foot building at the time of the sale. This former courthouse closed when the new facility opened at 30 Spring Street, Nashua NH.</span></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms.&nbsp; Through this network of 355 offices in 55 countries, NAI Norwood Group is able to leverage their 45+ years of dedicated local experience around the world. With our extensive background and strong local contacts, we are able to assist individual corporations in negotiating leases, sales, business brokerage, investments, relocation, site selection and development. For more information please visit <a href="http://www.nainorwoodgroup.com/">www.nainorwoodgroup.com</a>. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 28 Deer Street Suite 301, Portsmouth, NH 03801 (603) 431-3001.</span><b><span style="color: #373737; font-family: &quot;Arial&quot;,sans-serif;"><o:p></o:p></span></b></div><a class="addthis_counter addthis_pill_style" href="http://www.blogger.com/"></a> <script type="text/javascript">var addthis_config = {"data_track_clickback":true}; </script><script src="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0

NAI Global Directors

NAI Business Director
NAI Coordinator
Sarah Carson
Marketing Director
6036687000
scarson@nainorwoodgroup.com
NAI Business Manager
Karl Norwood
Founder/Principal
(603) 668 7000
karl@nainorwoodgroup.com


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Office Locations

NAI Norwood Group - Bedford

116 South River Road
Bedford NH 03110
United States
Direct Line: (603) 668 7000
Fax: (603) 647 4325
Email:cnorwood@nainorwoodgroup.com

NAI Norwood Group - Portsmouth

28 Deer Street
Suite 301
Portsmouth NH 03801
United States
Direct Line: (603) 431-3001
Fax: (603) 431-3122
Email:info@nainorwoodgroup.com