New
Ipswich NH – NAI Norwood Group is pleased to announce the sale of the NeWest
Mall located at 800 Turnpike Road in New Ipswich. Judy Niles-Simmons and Chris
Norwood represented the Seller Tower Realty Trust. Dave Gambaccini of KW represented
the buyer, Porti Realty, LLC. According to the NH Registry of Deeds, the sale
closed on June 3, 2016 in the amount of $550,000.
This
22,500+/- SF investment asset was sold to a local party who hopes to take
advantage of the exiting lease income from both the local tenants as well as
the existing United States Post Office Lease. 800 Turnpike Road (AKA NeWest
Mall) is a local community center and one of the few retail assets in the town
of New Ipswich. Optima Bank and Trust provided the financing for the buyer.
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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