NAI Norwood Group Sells Downtown Portsmouth Real Estate

Portsmouth NH – NAI Norwood Group is pleased to announce the sale 46 Market Street in downtown Portsmouth, New Hampshire. Nancy and Mel Alexander recently sold their 3 story building to Keith Frizzel.

John Mueller, Greg Whalen, and Bill Wagner of NAI Norwood Group teamed up to represent the Alexander’s and to find a buyer. According to the registry of deeds, the building sold for $1,599,000 and was closed on August 28th, less than 90 days after it was listed.

In addition, Mueller and Whalen also teamed up to sell the retail condominium located at 36 Market Street.  Formerly owned by the Paper Patch, the 3,964 two-level structure is the new home for Federal Cigar and the Federal Cigar Bar which opened in August.  Mueller represented the seller while Whalen represented the buyer.

“Retailers and investors are seeing value in expanding their footprints downtown,” noted Mueller, “These recent two projects showcase that growth, as well as the importance of building a team to help navigate the regulatory environment within the City.”

The Mueller, Whalen, Wagner team (MW&W) brings over a combined 75 years’ experience in commercial real estate transactions, a majority of which has involved real estate located in the Seacoast, and downtown Portsmouth in particular. MW&W has the local knowledge you can rely upon, and one of our specialties is the downtown Portsmouth retail market. NOTHING BEATS LOCAL KNOWLEDGE, AND WE HAVE IT!

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.