Friday, March 25, 2011

NAI Norwood Group Successfully Leasing Space at Woodbury Corner in Newington, NH


Portsmouth, NH – NAI Norwood Group is pleased to announce two recent lease signings at 2001 Woodbury Avenue in Newington, NH. Horizon Group, an authorized Batteries Plus Franchisee, has leased 3,600 +/- square feet and Wireless Link, LLC, an authorized Sprint Dealer, has leased 1,300 +/- square feet of retail space.

Brian O'Brien, RPA and Chris McMahon of NAI Norwood Group represented the Landlord in both transactions. Strategic Retail Advisors represented Wireless Link, LLC and Charles Zoulias of Perfecta Real Estate represented Horizon Group.

The newly re-developed retail strip center on the corner of heavily traveled Woodbury Avenue and Gosling Road is prime real estate. Prior to re-development, 2001 Woodbury Ave, was home to one of Tweeter, Etc.'s New Hampshire locations. The re-development of this high profile retail property has brought with it the opportunity for national, regional, and local retail tenants to position themselves well in the Newington / Portsmouth NH retail market. The property is owned by Riverside Properties, Inc. based in Wellesley, MA. Additional retail spaces from 1,900 +/- SF to 4,475 +/- SF are available at Woodbury Corner.

TMS Architects, located in Portsmouth, was chosen to revamp the old building inside and out. Jason Bailey at TMS Architects commented, “The main purpose was to break the space into four suites and maximize street frontage. The colors and architecture chosen utilize a traditional approach to contemporary architecture, creating a more timeless look. It’s no longer the Tweeter building, it’s a new entity.”

Malt House Construction, also located in Portsmouth, was chosen as the building contractor to carry out the design set forth by TMS Architects. Sandy Dewing, President of Malt House Construction had this to say about working on the project: “It was challenging, but it was a good project for our company. It definitely improves the intersection. With the support of the owners and a great design from TMS the project has gone smoothly”.

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 325 offices in 55 countries, NAI Norwood Group is able to leverage their strong local experience around the world. Whether your commercial real estate needs require local expertise, or you need brokerage consulting around the world, the firm is here to help. 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 please contact us at one of our offices: 116 South River Road, Bedfrod NH, 606-668-7000 or 100 Market Street Suite200, Portsmouth NH, 603-431-3001.

Written by Chris McMahon and Sarah Carson of NAI Norwood Group
Quotes submitted by Sandy Dewing of Malt House Construction and Jason Baieley of TMS Architects

To contact Chris McMahon: cmcmahon@nainorwoodgroup.com
To contact NAI Norwood Group Marketing Dept: scarson@nainorwoodgroup.com



Tuesday, March 22, 2011

Jeanne Butler of NAI Norwood Group Sells 13,680 SF Industrial Building


Bedford, NH – NAI Norwood Group is pleased to announce the sale of 13,680 SF industrial building located in Auburn, NH. Jeanne Butler, of NAI Norwood Group, represented the owner, 47-2 King’s Court LLC, and David Morin, of Prudential Verani, represented the buyer, Air Solutions & Balancing LLC.

The newer 13,680 SF industrial building sold due to the excellent highway access, 20ft ceiling height, young age of 5 years, three drive-in doors and two docks. This building sold quickly. It was divided into 3 separate units. Air Solutions & Balancing moved in immediately and is open for business. The middle condo unit is currently available for lease.

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 325 offices in 55 countries, NAI Norwood Group is able to leverage their strong local experience around the world. Whether your commercial real estate needs require local expertise, or you need brokerage consulting around the world, the firm is here to help. 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 office: 116 South River Road, Bedford, NH 03110, (603)668-7000 or 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

Written by Jeanne Butler and Sarah Carson of NAI Norwood Group
Contact Jeanne Butler: jbutler@nainorwoodgroup.com
Contact NAI Norwood Group Marketing: scarson@nainorwoodgroup.com


Monday, March 21, 2011

NAI Norwood Group Leases Space to Raider Laser LLC

Portsmouth, NH - Raider Laser LLC the NH Seacoast’s newest family attraction has signed a lease for 6,000 sf space located at 25 Fox Run Road, Newington, NH across from Wal-Mart. Roger Rivers, the owner of Raider Laser states, “Our facility will be the most advanced laser tag experience in the country”. Along with creating a state of the art Gosport 2268 laser tag arena, Raider Laser will feature an SR2, 12 passenger motion simulation ride, the first Aero Ball arena in the northeast, as well as redemption games and prizes. Raider Laser will also offer a diverse menu of foods and beverages in its 80 seat dining and birthday party center. Rivers wished to add, “I contacted Chuck Goss of NAI Norwood Group at the beginning of our location search. Chuck listened to our needs and secured the perfect location for Raider Laser.” Raider Laser management plans to open mid-April this year.

Chuck Goss represented the Landlord (Horizon Trust) in the lease negotiations in securing for the Tenant Raider Laser LLC. Earlier this year Mr. Goss represented the Landlord in the Adaptations lease and they have been opened and very pleased with their new store.

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 325 offices in 55 countries, NAI Norwood Group is able to leverage their strong local experience around the world. Whether your commercial real estate needs require local expertise, or you need brokerage consulting around the world, the firm is here to help. 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 http://www.nainorwoodgroup.com/.


Written by Charles Goss and Sarah Carson @ NAI Norwood Group
To email Charles Goss: cgoss@nainorwoodgroup.com
To contact the marketing department: scarson@nainorwoodgroup.com

Contact us: 116 South River Road Bedford NH 603.668.7000
or 100 Market Street Suite 200 Portsmouth NH 603.431.3001
http://www.nainorwoodgroup.com/


Buying an Existing Business vs Starting from Scratch


March 2011

So you have made the decision to become an entrepreneur. Starting a business is no easy task. If you are serious about operating your own business, you might want to consider minimizing some of the anguish and pain associated with startups by purchasing an established business.

Since many experts have predicted that a significant percentage of the workforce will be working in a self-employment capacity in the next decade, business ownership is becoming increasingly more important to many people.

For a financing perspective, you'll have a much easier time securing capital from lenders by taking over an established business, than starting one from scratch. Not to mention, you’ll dramatically minimize the financial risk to yourself and your finance partners because the company will have proven revenue and a customer base. Many lenders will fund 50% to 75% of the acquisition cost for businesses depending on a number of factors such as the cash flow numbers, assets and security available.

Buying an existing business will dramatically reduce the risk when compared with start-ups since statistics estimate that 60% of start-up businesses fail within the first three years. Additionally it takes two years on average for a start-up to become profitable. Your chances of success are still clearly best when you buy an existing business.

Written by Pierre Elie @ NAI Norwood Group

Contact Pierre at pelie@nainorwoodgroup.com or in the Portsmouth office.


Contact us at:
116 South River Road
Bedford, NH 03110
(603) 668-7000

or

100 Market Street Suite 200
Portsmouth, NH 03801
(603) 431-3001

or visit us at
http://www.nainorwoodgroup.com/