Portsmouth NH - NAI Norwood Group
announces the sale of 68 NH Ave. Portsmouth, NH (Pease Tradeport). One of the
first buildings built at Pease in 1998, this 18,500 SF Industrial building on
3.5+/- acres was originally built for Landovia Corp. and most recently owned by
Wencor, a Utah Corporation. The sale closed on December 20, 2013 for $1,100,000
according to the Registry of Deeds.
“In
conjunction with Pease Development Authority, we were able to rezone the lot to
suit the end use. It was a great opportunity to work together and have a
favorable outcome for all.” O’Brien said.
The
property was purchased by an Investment Group 68, NH Ave., LLC where they
intend further develop the property for possibly new tenants. Brian O'Brien,
RPA Managing Broker of NAI Norwood Group's Portsmouth office represented the
Seller (Wencor Corp.) in the transaction.
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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