NAI Norwood Group Sells NeWest Mall

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.

Development Opportunity in Downtown Concord NH

Matt Walsh the Director of Redevelopment, Downtown Services and Special Projects in the City of Concord, walked through NAI Norwood Group’s Listing at 32 South Main Street with Chris Norwood, President of NAI Norwood Group, Inc.  Norwood captured this photo looking North from the roof of the listing, the former Employment Securities site. The site is owned by the City and they are seeking developers to demolish the building and continue the growth from the Capital Commons Project, the “Smile!” Building and others.  The photo captures a spectacular view of the renovations on the Statehouse dome. A new developer may be able to go higher than the current image shows based upon similar development. The City desires some form of mixed use in this area.

Also in the photo is the Main Street project renovation.  This image shows how the project has moved to South Main after the work was completed North of Pleasant Street. Additional work is projected to be done to bury the utility lines in front of the 32 South Main Street site.

For more information on South Main Street - http://www.concordmainstreetproject.com/


For more information on the listing - https://nainorwoodgroup.catylist.com/listing/29848800

Congratulations Karl Norwood

BEDFORD NH - NAI Norwood Group would like to congratulate Karl Norwood on receiving two awards at the 2nd Annual NHCIBOR Commercial Real Estate Awards. Karl was honored with the award for Suburban/Rural Deal of the Year which was for the disposition of the former Chester College in Chester, NH. The Industrial Sale of the Year award was given for the sale of 655 S Willow Street in Manchester NH. This was the former OSRAM Sylvania building which was comprised of 15 acres and over 300,000 SF.

NHCIBOR’s 2nd Annual New Hampshire Commercial Real Estate Awards were held on June 6, 2016 at The Puritan Backroom Function Facility in Manchester, NH. This event provides incredible recognition and publicity for the commercial real estate market and community in New Hampshire.  It is also a fundraising event for NHCIBOR Cares as a 501c3 organization.  Last year this event netted over $6,000 that was distributed to local non-profits throughout the state.

NAI Norwood Group Welcomes Jeff Lessard

BEDFORD NH - NAI Norwood Group is pleased to announce Jeff Lessard has recently joined the firm as a commercial real estate Advisor in the Bedford office. Jeff is a 2015 graduate of Saint Anslem College, graduating with honors as a member of the Dean’s list. While at Saint Anslem, Jeff was actively involved in numerous school activities, in addition to his active participation with local community & charitable organizations. Jeff initiated and spearheaded the efforts of Relay for Life, multiple St. Jude fundraisers and marketing foundations, as well as holiday food baskets for those in need.

As Jeff was interviewing with several other prominent commercial real estate firms, it became evident to Jeff that in order to succeed in this highly competitive business, as with high level athletics, the importance of surrounding himself with great teachers, mentors and coaches. “Going around to the other firms in the area, I recognized the importance of aligning myself with those that possess the same level of desire, passion and tenacity that I will bring to the firm. I met with a lot of great individuals, but to be honest, the level of dedication to training and one-on-one coaching is exactly what anyone new to this business needs to be successful over the long term. The Norwood family name is synonymous with New Hampshire commercial real estate. I am truly looking forward to great things with the Advisors and leadership at NAI Norwood Group. Something else that really impressed me is the level of comfort and family culture that is carried out by everyone at the firm,” said Lessard.

Jeff recognizes that since he is just starting what will be a long successful career in the commercial real estate industry, he needs to learn as much detail as he can about the differences between each sector of the industry in order for him to best serve his clients and fully understand and appreciate the nuances of each property type. Jeff looks forward to experiencing the depth and breadth of the Advisors experience he can always access at NAI Norwood Group, and the feeling is mutual. Said Karl Norwood, Founder and Principal of the firm bearing his name, “We are extremely proud to have Jeff join our Team. Along with two other recent additions to our Advisory Team, Jeff brings a level of enthusiasm and desire to learn that is refreshing and contagious by all! I’m confident our relationship together will be mutually gratifying and I am excited to follow the trajectory of Jeff’s personal and professional growth with our company.”

Jeff is actively involved in local and statewide business groups, chambers of commerce and other networking initiatives. He is extremely well versed at placing customer and client needs ahead of all else, having deep experience with customer service and exceeding expectations at his previous work related experiences.    

Jeff grew up locally and will initially focus his real estate activities in southern and central New Hampshire, bringing local business and community insight and tenacity to each assignment.