NAI Norwood Group (HQ)
116 South River Road
Bedford, NH United States 03110
t(603) 668 7000 f(603) 647 4325
NAI Norwood Group (HQ)
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-19339474186324008742016-09-26T22:24:36.663-04:00NAI Norwood Group BlogNorwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.comBlogger122125tag: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.com0tag:blogger.com,1999:blog-1933947418632400874.post-44124364126367670292015-07-23T11:08:00.000-04:002015-07-27T11:16:46.606-04:00Matthew Bacon Joins NAI Norwood Group<div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;">Bedford NH – NAI Norwood Group is pleased to welcome Matthew Bacon to the Bedford team. Matthew’s primary focus is investment property sales and commercial leasing in southern and central New Hampshire.&nbsp;Matt comes to NAI Norwood Group with a residential and multifamily investment real estate background. He is looking forward to making the switch to full time commercial real estate. <o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;"><br /></span></span></div><div class="MsoNormal"><a href="http://3.bp.blogspot.com/-Vt8Jh7s96tI/VbZJ_pH6fbI/AAAAAAAAAX4/OL14SFcED3A/s1600/Matt%2BBacon.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: justify;"><img border="0" height="188" src="http://3.bp.blogspot.com/-Vt8Jh7s96tI/VbZJ_pH6fbI/AAAAAAAAAX4/OL14SFcED3A/s200/Matt%2BBacon.jpg" width="200" /></a><span style="color: #444444; font-size: large;"></span></div><div style="text-align: justify;"><span style="color: #444444; font-size: large;"><span style="font-family: Arial, sans-serif;">Matthew graduated Cum Laude with Honor’s Scholar distinction, elected to Psi Chi from Eastern Nazarene College in 2006.&nbsp; He is enrolled in the MBA program at Southern New Hampshire University, and is a member of The National Society of Leadership and Success.&nbsp; Matthew also serves on the NH Association of Realtors Public Policy Committee as well as the Communications Committee.</span></span></div><br /><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;">Outside of the business world, Matthew serves on the Board of Trustees for Fellowship Housing Opportunities, Inc in Concord, NH.&nbsp; He is a past Big Brother, and 2010-11 member of the Easter Seals Veterans Count Club.&nbsp; He is also active in several area networking groups, and is a former member of the Concord Young Professionals Network Social Committee.&nbsp; Matthew also attends Manchester Young Professionals and Job Creators Network events regularly.<o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: justify;"><span style="font-family: &quot;Arial&quot;,sans-serif;"><span style="color: #444444; font-size: large;">We are looking forward to working with Matthew as he continues his career by providing the services needed for his clients to succeed.<o:p></o:p></span></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-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-62052207811560940422015-06-29T13:39:00.001-04:002015-06-29T13:41:23.271-04:00A robust economy in the Seacoast communities - New Hampshire Business Review - June 26 2015<a href="http://www.nhbr.com/June-26-2015/A-robust-economy-in-the-Seacoast-communities/#.VZGCqHpdsqg.blogger"><span style="font-size: large;">A robust economy in the Seacoast communities - New Hampshire Business Review - June 26 2015</span></a><br /><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="http://s7.addthis.com/js/250/addthis_widget.js#pubid=ra-4dcaccd12bbef025" type="text/javascript"></script><br /><em style="font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 16px; line-height: 36.2666664123535px;">NH Business Review’s editors asked representatives of different industries in the greater Portsmouth area for their views on the economy and the issues affecting the area.</em><br /><div style="font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 16px; line-height: 36.2666664123535px; margin-bottom: 10px;"><em>Participants were:</em></div><ul style="font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 16px; line-height: 36.2666664123535px; margin: 0px 0px 10px 25px; padding: 0px;"><li style="line-height: 20px;"><em>Doug Bates, president, Greater Portsmouth Chamber of Commerce</em><br />&nbsp;</li><li style="line-height: 20px;"><em>Brian&nbsp;<span data-scayt-word="Gottlob">Gottlob</span>, principal,&nbsp;<span data-scayt-word="PolEcon">PolEcon</span>&nbsp;Research</em><br />&nbsp;</li><li style="line-height: 20px;"><em>Molly Hodgson, executive director, Greater Dover Chamber of Commerce</em><br />&nbsp;</li><li style="line-height: 20px;"><em>Timothy Martin, president/CEO, Neoscope</em><br />&nbsp;</li><li style="line-height: 20px;"><em>Daniel Morrison, president &amp; CEO, Optima Bank &amp; Trust</em><br />&nbsp;</li><li style="line-height: 20px;"><em>Brian O’ Brien, managing broker, Norwood Group</em></li></ul><div><span style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="line-height: 20px;"><i><br /></i></span></span></div><div><span style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><span style="line-height: 20px;">Click the link at the top of the post for the full article hosted at NHBR.com.&nbsp;</span></span></div>Norwood Grouphttp://www.blogger.com/profile/17652747194895055603noreply@blogger.com0tag:blogger.com,1999:blog-1933947418632400874.post-58230363306674979952015-06-29T13:09:00.000-04:002015-06-29T13:09:00.223-04:00All Wet – New Information on the National Flood Insurance Program<div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">After a historically dry May that found some communities calling for watering bans in the day, you may be questioning why now for raising this issue of Flood Insurance. Two main reasons come to mind. While flooding may conjure up images of Nor Easters on our coastal waters, the reality is we are subject to flooding (and insurance) anywhere in the state. With June 1 marking the start of Hurricane Season we only have to think back to a few short years ago with our neighbors to the south and west were slammed with Super Storm Sandy and Hurricane Irene. Secondly, if you do own a commercial property within the flood plain and have insurance, you may have recently received a rate hike. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">If you have insurance on your property, it is likely that you do not have coverage in the event of a flood. However if you are in a flood plain as designated by the Federal Emergency Management Agency (FEMA) and you have a mortgage on your property, there is a better than even chance that you have a policy from the National Flood Insurance Program (NFIP), which is back stopped by our federal government. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">In years past there was debate by Congress if the federal government should be in the business of supporting these premiums. In 2012 the Biggert-Waters Flood Insurance Reform Act created a five year plan, with the eventual goal of reducing the subsidies to the insured in flood properties. In short, have the whole NFIP be solvent. This lasted for a couple of years until the Spring of 2014 when Congress acted again, this time to slow the rate of the premium increase as the growth was causing harm to property values.<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"><a href="http://1.bp.blogspot.com/-z9pLWdkPdsU/VZF7gD7VAFI/AAAAAAAAAXE/iYZ0Att_cPM/s1600/flood.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="150" src="http://1.bp.blogspot.com/-z9pLWdkPdsU/VZF7gD7VAFI/AAAAAAAAAXE/iYZ0Att_cPM/s200/flood.jpg" width="200" /></a><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Now as of April 1, the new rates have been released for all properties in flood prone areas. Nationwide the average increase was 10% across all property types. Small increases in fees ($250 surcharge for commercial properties) are the easy pieces to discover. Determining your overall insurance premium liability is somewhat more complicated. Depending on the flood zone you are in and when the property was constructed go a long way to determining your overall liability. Overall the 2015 increases put a cap for all properties no higher than 18%, with many falling below that. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The NFIP is on track for another two years. And while the above premium hikes may sounds harsh, the alternative of no federal backstop would be far worse.&nbsp; While property owners of flood risk assets have a working knowledge of these things already, all investors and users should take note. Flood maps are constantly moving. While we tend to think of just coastal impacts of flooding, our State’s lakes and rivers also change over time, as do federal definitions.&nbsp;</span><o:p></o:p></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Written by Chris Norwood, NAI Norwood Group</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-15614641089817965862015-04-27T15:40:00.000-04:002015-04-27T15:44:12.839-04:00Assets - by Greg Whalen and Bill Wagner<div class="MsoTitle3" style="mso-pagination: none; text-align: center; text-align: center;"><span lang="en-US" style="font-family: &quot;Arial Black&quot;; font-size: 18.0pt; language: en-US; line-height: 118%; mso-ansi-language: en-US; mso-bidi-language: ar-SA; mso-ligatures: none;">Market Trends<o:p></o:p></span></div><div class="MsoTitle3" style="mso-pagination: none; text-align: center; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: 110%; mso-pagination: none; text-align: center; text-align: center;"><span lang="en-US" style="color: #c00000; font-family: Arial; font-size: 14.0pt; font-weight: bold; language: en-US; line-height: 110%; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-bidi-language: ar-SA; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none; mso-style-textfill-fill-alpha: 100%; mso-style-textfill-fill-color: #C00000; mso-style-textfill-type: solid;">“The sum of the parts...may be greater than the whole”<o:p></o:p></span></div><div class="MsoNormal" style="line-height: 110%; mso-pagination: none;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Rising real-estate values provide a cyclical opportunity</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> for repositioning assets and generating cash. According to the WSJ, March 25, 2015 edition, Sears Holdings Corp just announced that it would split off as many as 300 of their best locations into a separate company by June to raise money.&nbsp; Hudson’s Bay Co., the Canadian parent company of Saks Fifth Avenue and Lord &amp; Taylor, announced last month a joint venture with U.S. mall operator Simon Property Group to sell and lease back 42 of their department stores with plans to split off the venture into a real estate investment trust (REIT). And Darden Restaurants, the world’s largest full service restaurant company, with brands such as Olive Garden, Long Horn Restaurant and Capital Grille, is exploring options for monetizing its real estate portfolio.<o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Do those same metrics hold true for the small, individual operator/investor as well? </span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Absolutely.&nbsp; It’s all about cleaning up the balance sheet. Whether you are a single or multiple property owner, with one or several locations, owner occupied or landlord, keeping an eye on the bottom line is crucial.&nbsp; Think in terms of a property “check-up”. How healthy are my real estate assets? How often should the portfolio be examined/monitored? The short answer is constantly. Absenteeism on the property front does not make the pocketbook grow fonder. On the other hand, too much tweaking, tinkering and meddling will get you into trouble every time, a clear sign one is chasing the market. An annual in-depth performance review should be mandatory, coupled with an analysis to determine options for unleashing value and cash.<o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: widow-orphan; text-align: justify; text-align: justify; text-indent: 36.0pt; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Rather than disposing of a real asset in its entirety, think in terms of its parts. </span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Consider the example of a property comprised of land and a single building with multiple tenants. Options abound: sell the building only and retain the land in the form of a ground lease, sell the ground lease and retain the building, or convert the property to a condominium (include the site as part of the value for each unit or once again, retain the land in the form of a ground lease to the condo association and sell the bricks and mortar only). Liquidating an asset in parts will not always be the best solution, but it deserves equal consideration before making a final decision.<o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Check with Bill and Greg to help you navigate through these unchartered waters.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p></span></div><div class="MsoNormal"><br /></div><div class="MsoTitle3" style="mso-pagination: none; text-align: center; text-align: center;"><span lang="en-US" style="font-family: &quot;Arial Black&quot;; font-size: 18.0pt; language: en-US; line-height: 118%; mso-ansi-language: en-US; mso-bidi-language: ar-SA; mso-ligatures: none;">Services</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; line-height: 118%; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-bengali-font-family: &quot;\@Arial Unicode MS&quot;; mso-bopomofo-font-family: &quot;\@Arial Unicode MS&quot;; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-devanagari-font-family: &quot;\@Arial Unicode MS&quot;; mso-georgian-font-family: &quot;\@Arial Unicode MS&quot;; mso-greek-font-family: Arial; mso-gurmukhi-font-family: &quot;\@Arial Unicode MS&quot;; mso-halfwidthkana-font-family: &quot;\@Arial Unicode MS&quot;; mso-han-font-family: &quot;\@Arial Unicode MS&quot;; mso-hangul-font-family: &quot;\@Arial Unicode MS&quot;; mso-hebrew-font-family: Arial; mso-kana-font-family: &quot;\@Arial Unicode MS&quot;; mso-kannada-font-family: &quot;\@Arial Unicode MS&quot;; mso-lao-font-family: &quot;\@Arial Unicode MS&quot;; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none; mso-malayalam-font-family: &quot;\@Arial Unicode MS&quot;; mso-oriya-font-family: &quot;\@Arial Unicode MS&quot;; mso-tamil-font-family: &quot;\@Arial Unicode MS&quot;; mso-telugu-font-family: &quot;\@Arial Unicode MS&quot;; mso-thai-font-family: &quot;\@Arial Unicode MS&quot;;"><o:p></o:p></span></div><div class="MsoTitle3" style="mso-pagination: none; text-align: center; text-align: center;"><br /></div><div class="MsoTitle3" style="line-height: 110%; mso-pagination: none; text-align: center; text-align: center;"><span lang="en-US" style="color: #c00000; font-family: Arial; font-size: 14.0pt; font-weight: bold; language: en-US; line-height: 110%; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-bengali-font-family: &quot;\@Arial Unicode MS&quot;; mso-bopomofo-font-family: &quot;\@Arial Unicode MS&quot;; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-devanagari-font-family: &quot;\@Arial Unicode MS&quot;; mso-georgian-font-family: &quot;\@Arial Unicode MS&quot;; mso-greek-font-family: Arial; mso-gurmukhi-font-family: &quot;\@Arial Unicode MS&quot;; mso-halfwidthkana-font-family: &quot;\@Arial Unicode MS&quot;; mso-han-font-family: &quot;\@Arial Unicode MS&quot;; mso-hangul-font-family: &quot;\@Arial Unicode MS&quot;; mso-hebrew-font-family: Arial; mso-kana-font-family: &quot;\@Arial Unicode MS&quot;; mso-kannada-font-family: &quot;\@Arial Unicode MS&quot;; mso-lao-font-family: &quot;\@Arial Unicode MS&quot;; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none; mso-malayalam-font-family: &quot;\@Arial Unicode MS&quot;; mso-oriya-font-family: &quot;\@Arial Unicode MS&quot;; mso-style-textfill-fill-alpha: 100%; mso-style-textfill-fill-color: #C00000; mso-style-textfill-type: solid; mso-tamil-font-family: &quot;\@Arial Unicode MS&quot;; mso-telugu-font-family: &quot;\@Arial Unicode MS&quot;; mso-thai-font-family: &quot;\@Arial Unicode MS&quot;;">Off-Market Opportunities<o:p></o:p></span></div><div class="MsoTitle3" style="line-height: 110%; mso-pagination: none; text-align: center; text-align: center;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">The Portsmouth commercial market</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> is replete with property owned for many years by the same family or entity. Whether as an owner or an active investor, often times you may be approached to see if you would be interested in selling your property or purchasing a new one.&nbsp; <o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">What to do and how best to respond?</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> As this month’s Market Trends article suggests, you need to analyze your situation to see if you would consider selling or buying property, but only if the transaction meets the goals you and your family have established. These circumstances often require off market representation, which means the </span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Whalen Wagner Team</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> will use its expertise and client base to help develop a strategy which will enable you to achieve your goals, within the parameters you establish, by matching buyers and sellers with similar needs. <o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">As a seller, you will want to address the following:<o:p></o:p></span></div><div class="MsoNormal"><br /></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">What is the up-side potential of my property?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">How does the market perceive my property?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Are there investors looking for my type of property<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">How do investors evaluate the worth of my property?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">What can I do to increase its value?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 36.0pt; mso-pagination: none;"><br /></div><div class="MsoNormal"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">As an investor you will want to explore the following:<o:p></o:p></span></div><div class="MsoNormal"><br /></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">What types of properties meet my objectives?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Are there properties in Portsmouth which meet that criteria?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">What is the best way to contact a prospective seller?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Who can I rely upon to represent me in the marketplace?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-level-font-family: Symbol; mso-level-number-format: bullet; mso-level-size: 10.0pt; mso-level-text: ¨; mso-pagination: none; text-indent: -18.0pt;"><span style="direction: ltr; font-family: Symbol; font-size: 10pt; unicode-bidi: embed;">¨</span><span style="width: 11.25pt;">&nbsp;</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Are there opportunities in both the private and public sector?<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: 36.0pt; mso-pagination: none;"><br /></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">As local service providers with a long track record of success, the </span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Whalen Wagner Team</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> will guide you through the process of making more informed decisions that will minimize cost and maximize value. With the </span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Whalen Wagner Team</span><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"> you get an ally and aide-de-camp for sound advice and real estate stewardship.<o:p></o:p></span></div><div class="MsoNormal" style="mso-pagination: none; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><br /></div><div class="MsoNormal" style="line-height: 107%; margin-bottom: 8.0pt; mso-pagination: widow-orphan; text-align: justify; text-align: justify; text-justify: inter-word; text-justify: inter-word;"><span lang="en-US" style="font-family: Arial; font-size: 11.0pt; font-weight: bold; language: en-US; line-height: 107%; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Call us today for a creative perspective on how to advance your business plan and real estate objectives.<o:p></o:p></span></div><div class="MsoNormal"><span lang="en-US"> </span></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><span lang="en-US" style="font-family: Arial; font-size: 13.0pt; font-variant: small-caps; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Greg Whalen<o:p></o:p></span></div><div class="MsoNormal"><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">o: 603.637.2019 | c: 603.674.7800<o:p></o:p></span></div><div class="MsoNormal"><a href="mailto:gwhalen@nainorwoodgroup.com"><span lang="en-US" style="font-family: Arial; font-size: 12pt;">gwhalen@nainorwoodgroup.com</span></a><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"><o:p></o:p></span></div><div class="MsoNormal"><span lang="en-US"> </span></div><div class="MsoNormal"><br /></div><div class="MsoNormal" style="text-align: left;"><span lang="en-US" style="font-family: Arial; font-size: 13.0pt; font-variant: small-caps; font-weight: bold; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">Bill Wagner<o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;">o: 603.637.2014 | c: 603.494.7967<o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><span lang="en-US" style="font-family: Arial; font-size: 12pt;"><a href="mailto:bwagner@nainorwoodgroup.com">bwagner@nainorwoodgroup.com</a></span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-arabic-font-family: Arial; mso-armenian-font-family: Arial; mso-ascii-font-family: Arial; mso-currency-font-family: Arial; mso-cyrillic-font-family: Arial; mso-default-font-family: Arial; mso-greek-font-family: Arial; mso-hebrew-font-family: Arial; mso-latin-font-family: Arial; mso-latinext-font-family: Arial; mso-ligatures: none;"><o:p></o:p></span></div><div class="MsoNormal" style="text-align: left;"><br /></div><div class="MsoBodyText3" style="mso-pagination: none; text-align: center; text-align: center;"><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-ligatures: none;"><span dir="ltr"></span>28 Deer Street Suite 301 </span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-eudc-font-family: Arial; mso-ligatures: none;">|</span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-ligatures: none;"> Portsmouth, NH 03801 </span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-eudc-font-family: Arial; mso-ligatures: none;">|</span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-ligatures: none;"> 603.431.3001<br /></span><a href="http://www.nainorwoodgroup.com/Default.aspx?tabid=2683"><span lang="en-US" style="font-family: Arial; font-size: 12pt;">nainorwoodgroup.com</span></a><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-ligatures: none;"> </span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-eudc-font-family: Arial; mso-ligatures: none;">|</span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-eudc-font-family: Arial; mso-ligatures: none;"> </span><a href="mailto:info@nainorwoodgroup.com?subject=Inquiry"><span lang="en-US" style="font-family: Arial; font-size: 12pt;">info@nainorwoodgroup.com</span></a><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ansi-language: en-US; mso-eudc-font-family: Arial; mso-ligatures: none;"> </span><span lang="en-US" style="font-family: Arial; font-size: 12.0pt; language: en-US; mso-ligatures: none;"><o:p></o:p></span></div><div class="MsoNormal"> </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><span lang="en-US"> </span></div><div class="MsoNormal"><br /></div><div class="separator" style="clear: both; text-align: center;"></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-85920628081447912792015-03-31T14:03:00.000-04:002015-03-31T14:03:32.051-04:00How I Learned to Stop Worrying and Love Retail Real Estate<div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">As we all know Radio Shack is now closing roughly 1700 stores across the nation, which has folks asking: Now where am I going to find that Co-Ax Cable to AV Cable Converter Kit? While many more folks are asking: What does this mean for retail real estate? Those who see the glass as half empty, see these closures of the harbingers of more closings for other retailers. More people are shopping online, pushing out the need for brick and mortar retailers and shrinking the retail footprint. However, we would argue that while Radio Shack does tell a story, it is not the Doom’s Day prophecy many fear. <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="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-s_9hggBEmh8/VRrgWiT4qUI/AAAAAAAAAWA/LLbpZ-vUuCE/s1600/Capital%2BPlaza%2B003.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-s_9hggBEmh8/VRrgWiT4qUI/AAAAAAAAAWA/LLbpZ-vUuCE/s1600/Capital%2BPlaza%2B003.jpg" height="240" width="320" /></a></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div><div class="MsoNormal"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">As discussed in this forum back in September of 2014 (<a href="http://nainorwoodblog.blogspot.com/2014/09/downsizing-retail-footprint.html" target="_blank">Resizing the Retail Footprint</a>), there is a push for some retailers to shrink their footprint. Radio Shack was probably the lowest footprint it could go, and with none of their stores being in excess of 2000sf, real estate overhead was not the sole cause of the closures. Expenses to be sure are half of the story of operating income, but the revenue side is a large portion as well. Aside from cords and batteries, the hallmark of Radio Shack has always been phones, video games, cameras, MP3 Players, Walkman’s and of course old Dictaphones. Today your smart phone contains a huge chunk of the devices that Radio Shack had sold throughout the 1990's and 2000's. &nbsp;<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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">Now let’s get back to the retail real estate space. The need for retail real estate space has not changed but who fills the space has. The Wall Street Journal has reported that the Game Stop will be back filling 163 of the stores vacated by Radio Shack (<a href="http://blogs.wsj.com/bankruptcy/2015/03/02/the-daily-docket-gamestop-to-get-163-radioshack-locations/" target="_blank">click here for the article</a>). So the reality is that the small Radio Shack will likely be filled by another electronics boutique but with a slightly different focus on the consumer products spin. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">So what other tenants are out in front looking to expand and backfill? Grocers and food stores… Market Basket and Whole Foods are dominating the retail grocer expansion of the 2010's. Food store retailers such as Orange Leaf yogurt are expanding all over. These are retailers that cannot be replicated online. In that arena are gyms. Boutique fitness franchises are sprouting up. If you ever have a chance to talk to someone who is a member of Cross Fit, you will certainly find a “Rabid Fan”, which is why they are expanding in smaller retail chain and industrial areas. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">As previously discussed in this forum, there are still those retailers whom we all think are going 100% online, but still do need bricks and mortar. Banks come to mind as a type of retailer that people may have expected to have moved more to online platform, yet branch banks are cropping up throughout the region as the landscape of the banking community continues to shift. <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"><span style="color: #444444; font-family: Arial, Helvetica, sans-serif; font-size: large;">The lesson for today then can be summed up in the phrase “don’t believe the headlines”. Yes retail is shifting, so too are the tenants that occupy the space and the landlords that own it. And of course the brokers who live it each day.&nbsp;</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-34984451733681310462015-02-26T16:37:00.000-05:002015-02-26T16:37:19.314-05:00NAI Norwood Group Sells Land in Hooksett NH<div class="MsoNormal"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><span style="color: #444444; font-size: large;">Hooksett NH - NAI Norwood Group is pleased to announce the sale 19.66+/- acres of land located at 1227 Hooksett Rd in Hooksett NH. The land was bought by the State of New Hampshire and will be redeveloped to house a National Guard facility. Charles Goss and Mark Dickey of NAI Norwood Group represented the seller, Hecht Development, and Karl Norwood assisted in the transaction. According to the registry of deeds the property sold for $750,000 on February 16, 2015.<o:p></o:p></span></span></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;">1227 Hooksett Road (aka Route 28) is located next to the Space Entertainment Center and across from the Cinemagic/IMAX Theater. With close proximity to Interstate 93 the location was perfect for any type of business. </span><span style="font-family: &quot;Helvetica&quot;,sans-serif;"><o:p></o:p></span></span><br /><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><br /></span></span><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-xlQtC7TP7Y4/VO-RlXP1haI/AAAAAAAAAVo/S-GWfy_aIvs/s1600/Locus%2BAerial%2Bwith%2BHighways.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-xlQtC7TP7Y4/VO-RlXP1haI/AAAAAAAAAVo/S-GWfy_aIvs/s1600/Locus%2BAerial%2Bwith%2BHighways.JPG" height="186" width="320" /></a></div><div style="text-align: center;"><span style="color: #444444; font-size: large;"><span style="font-family: &quot;Arial&quot;,sans-serif; mso-bidi-font-style: italic;"><br /></span></span></div></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;">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/" style="font-size: x-large;"><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></div><div class="MsoNormal" style="margin-right: -0.25in; text-align: left;"><br /></div><div class="MsoNormal" style="margin-right: -0.25in; 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.com0

NAI Global Directors

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


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Office Locations

NAI Norwood Group (HQ) - 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