Wednesday, January 16, 2013

NAI Norwood Group Announces Sale in Chester NH

Chester, NH – NAI Norwood Group is pleased to announce the sale of 20 Chester Street in Chester, New Hampshire. Two buildings totaling 10,115± SF were part of the sale by, Chester College of New England. The transaction closed on December 17th and sold for $225,000, according to the Registry of Deeds. NAI Norwood Group represented the seller, Chester College of New England.

This is a 2.81 acre parcel of a former classroom and photo studio owned by Chester College of New England. The buyers received a variance from the town to place their antique business Bittersweet Blessings (www.bittersweet-blessings.com) in the property.  "This was a win-win-win, for the town, the school and the buyers", Chris Norwood of NAI Norwood Group commented, "it was great that the town worked with the buyers to keep this business in Chester, which we think preserves the village feel of the town.”  NAI Norwood Group continues to market the balance of the property, a 70 acre 5 building campus with library, dormitories and classroom space. There are many opportunities for reuse and redevelopment of the former Chester College campus in Chester New Hampshire. 

The small New England liberal art campus underwent substantial renovation in the mid 2000’s with numerous improvements in many of their buildings. Most of the upgrades were directed to code, life safety and energy enhancements which brought the campus up to date. The single largest and most recent expansion was the 2002 construction of Preston Hall, a 23,000± SF modern student residence hall.

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 40+ 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 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

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