Derry, NH
(March 22, 2013) – NAI Norwood Group is pleased to announce the sale of the
former Walmart retail property at 30 Manchester Road in Derry NH. The 120,000±
SF on 15 acres became a surplus property when the new super Walmart Center
opened in late 2012. Brian O’Brien, VP/Managing Broker of NAI Norwood Group
Portsmouth, represented the seller in the transaction. Ocean State Job Lot
bought the property and plans to occupy a portion of the building and redevelop
the balance into a multi-tenant retail center. NAI Norwood Group is slated to
stay on as the leasing agent.
“This was
an excellent opportunity for NAI Norwood Group and NAI Global to come together
in a successful transaction for a large corporation like Walmart,” said
O’Brien.
Walmart
left the property on 30 Manchester Road to move across the street to their new
Super Walmart location at 154,551± square foot facility. Located just 2.6 miles
off Route 93 this corridor has seen a momentum of retail action. In 2011 Woof
Meow, a pet company moved in adjacent to the new Panera Bread in newly
developed Pinkerton Place. Both deals were brokered by NAI Norwood Group. Soon
the road widening will be done, giving a smoother drive and a much cleaner look
to one of Southern New Hampshire’s newest retail corridors.
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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