Monday, April 24, 2017

NAI Norwood Group Sells Office Condo Building in Bedford

Jeff Lessard
Bedford NH – NAI Norwood Group is pleased to announce the sale of 22 Eastman Drive in Bedford NH. Jeff Lessard and Jay Lee represented the seller of the four unit, 6000+/- SF office condo building. Acording to the Registry of Deeds the transaction was in the amount of $565,000 ($94.16/SF).



Jay Lee
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 www.nainorwoodgroup.com. 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.

22 Eastman Drive, Bedford NH

Thursday, April 06, 2017

Southern New Hampshire Retail Highlights

Southern New Hampshire Retail Highlights Information is accurate as of Q4 2016:

Supply: 29.8M Sqft; Down from 29.9M in 2015
Absorption: -366,100 Sqft; Down from 283,300 Sqft in 2015
Vacancy Rate: Increased to 10.5%; 2015 vacancy rate was 9.6%

City/Town Ranks:  #1 Amount of Retail Space- Nashua
                                #1 Highest Occupancy-Salem
                                #1 Highest Vacancy Rate-Seabrook

Retailer Expansion by SQUARE FEET: #1-FitLab Fitness Club (86,400 Sqft.)
Retailer Expansion by NUMBER of STORES: #1-Mattress Firm/FitLab (5+ each)

Category Expansion by SQUARE FEET: #1-Grocery Stores (+76,300 Sqft)
Category Expansion by NUMBER OF STORES: #1- Medical/Dental Services (+6)

Summary: 
   
Category                                       2016                          2015                    %Change
Total Market Size (Sq ft)                29,830,500                29,939,900            -0.4%
Total Number Retail Properties      2100                          2100                       0.0%
Total Number Retail Est.                5300                          5400                       1.9%

Retail Store Avg Size                    5600sqft                     5600sqft                 0.0%
Total Market Vacancy Sqft             3,131,800                  2,875,100               8.9%
Vacant Stores                                779                           695                        12.1%
Vacancy Rate                                10.5%                       9.6%                        9.3%

The vacancy rate in the region increased from 9.6% in 2015 to 10.5% at the end of 2016, falling back to 2014 levels. However two-thirds of the increase in vacant square feet resulted from the closing of four (4) Sports Authority stores totaling 170,200 sq ft. Net absorption for the year was a negative 366,100 square feet.

Written by David DeLise, COO, NAI Norwood Group, ddelise@nainorwoodgroup.com

Friday, March 31, 2017

NAI Norwood Group Unveils New, Improved Website and Company Brand

BEDFORD NH –NAI Norwood Group unveils new company branding program and improved website, providing users with service enhancements that will provide clients with greater connectivity and access to information.

“The website’s enhanced functionality allows users greater accessibility and better navigation,” said NAI Norwood Group’s President, Chris Norwood. “This isn’t just the launch of a new website, it’s the birth of a new brand. We’re still the same company you know and trust, we’ve just updated our look.”


The website redesign, and subsequent rebranding, was spearheaded by Sarah Carson, NAI Norwood Group’s Marketing Director. “Repositioning our brand identity is a way to honor the past and embrace the future. Evolving is essential, as the technology platforms change so do our customers.”

Visit the new website at: www.nainorwoodgroup.com.

 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 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, NAI Norwood Group is able to leverage their 49+ 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 www.nainorwoodgroup.com. 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.

Wednesday, March 15, 2017

NAI Norwood Group Sells State Owned Property in Manchester

Manchester NH – NAI Norwood Group is pleased to announce the sale of 1234 River Road in Manchester, NH. The 2+/- acre parcel was formerly a State of New Hampshire owned parcel, subdivided off from the Sununu Youth Services Center. It was most recently used as office space for the State. Judy Niles-Simmons and Chris Norwood, both of NAI Norwood Group, represented the seller in this transaction. The buyer was represented by Will Kanteres of Kanteres Real Estate.  According to Planning Board meeting minutes, the buyer plans on renovating the space into a religious center for a variety of uses including services, classses, and counseling. The nearly 8,000 SF building sold for $625,500 on February 27th according to the Registry of Deeds.


The sale of the former State owned Manchester building is one of several that Judy and Chris have completed over the last few years. They have worked closely with State departments such as the DOT, Administrative Services, and the New Hampshire Employment Security to sell the State’s surplus real estate.

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 www.nainorwoodgroup.com. 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.


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Tuesday, February 28, 2017

Office Space For Sale or Lease - Suitable for Headquarters

Rare opportunity for a growing corporation to economically purchase its own headquarters with significant room for growth and existing tenants to off set expenses.

This building also has office space for lease. Please contact Brian O'Brien for more information at bobrien@nainorwoodgroup.com or 603-431-3001.