Kittery ME – NAI Norwood Group is
pleased to announce the sale of 1.96+/- acres located at 275 US Route 1 in Kittery,
Maine. The site was the former home of Maine’s original outlet center. Greg
Whalen of NAI Norwood Group represented the seller, KTP Shops LLC, in the transaction.
It closed on July 27, 2017 in the amount of $1,960,000.
The site will be the new home of a
Hampton Inn and Suites. The 32,000+ retail building currently residing on the
site will soon begin the demolition process. This project has been a long time
coming. It went under agreement nearly three years ago and has fought a long,
hard battle through Maine’s court system. For full details on the site
renovation or the court case, please contact Greg Whalen at 603-431-3001 or gwhalen@nainorwoodgroup.com.
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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