Thursday, July 28, 2016

Renaissance of Route 101

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.  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.

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.  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.


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.  Newly added buildings along the corridor are ….


  •       144 Multi Family and Work Force Housing Units
  •       The Copper Door
  •       Bellweather Credit Union
  •       CMC Family Medical Center
  •       Wholistic Pet
  •       Convenient MD
  •       Primary Bank
  •       Members 1st Credit Union
  •       Millennium Running

And coming soon ….

  • The Bedford Village’s Inn new show stopper “The      Bedford Grand Hotel”Komma Veteriarian Clinic
  • Murphy’s 22,265 s.f. Tap Room on the site of the former WeatherVane

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. 

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.

Written by Louise Norwood, NAI Norwood Group, louise@nainorwoodgroup.com 

Wednesday, July 27, 2016

NAI Norwood Group to Represent the Former Granite Rose For Sale

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.

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. 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.

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.

Tuesday, July 12, 2016

New Hampshire Malls Make the Grade

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.


Ranked at number 3 is The Mall at Rockingham Park, Salem NH. Annual sales psf: $2,170. Owner: Simon.





Ranked at number 5 is the Pheasant Lane Mall, Nashua NH. Annual sales psf: $1,595. Owner: Simon. 




Here are the top ten:


All information is courtesy of ICSC's Shopping Centers Today Magazine. For more information please visit their website at: www.icsc.org.







Wednesday, July 06, 2016

NAI Norwood Group Visits NAI Korea

Bedford NH - Jay Lee, from NAI Norwood Group, recently visited NAI Korea. We asked Jay to tell us a little bit about his visit.

(Left to Right: Richard Song, Jay Lee, and Steve Oh)

“I recently visited NAI Korea on June 17th, 2016.  The office is located in the middle of financial district in the Gang-Nam Area.  It's an open space with 1st class amenities which resembles a large stock market trading room with 60 working agents. 

I met with Shin Ko, COO, Ray Cho, Mark Lim, Richard Song and Steve Oh.  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:

  • Stable market conditions create a favorable long term investment environment. 
  • Predictable Return on Investment provides the place to "park money".
  • 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.

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.  Their hospitality was greatly appreciated.”

Thank you for sharing your experience, Jay. We will look forward to working with NAI Korea.

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.

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.

Friday, June 17, 2016

NAI Norwood Group Sells NeWest Mall

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.

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.


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.

Development Opportunity in Downtown Concord NH

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.  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.  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.


Also in the photo is the Main Street project renovation.  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.




For more information on South Main Street - http://www.concordmainstreetproject.com/


For more information on the listing - https://nainorwoodgroup.catylist.com/listing/29848800


Tuesday, June 14, 2016

Congratulations Karl Norwood


BEDFORD NH - NAI Norwood Group would like to congratulate Karl Norwood on receiving two awards at the 2nd Annual NHCIBOR 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 Chester College 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 OSRAM Sylvania building which was comprised of 15 acres and over 300,000 SF.

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.  It is also a fundraising event for NHCIBOR Cares as a 501c3 organization.  Last year this event netted over $6,000 that was distributed to local non-profits throughout the state.