NAI Norwood Group Sells 26,000+/- SF Office Building

PRESS RELEASE             Contact:  Cassie Farley 668.7000

NAI Norwood Group Sells a 26,000+/-SF Office Building at 44 Franklin Street in Nashua, NH – NAI Norwood Group is pleased to announce the recent sale of a two-story, 26,000+/-SF professional office building located at 44 Franklin Street in Nashua, New Hampshire. Up until approximately the late 1990’s, this building was more familiarly owned and operated as the main headquarters for the Nashua Corporation. Karl Norwood, Perry Snow and Matt Bacon of NAI Norwood Group represented the seller, 44 Franklin Street, LLC, in the transfer of the property to the buyer, Lofts 34, LLC (aka Brady Sullivan Properties).  According to the Hillsborough County Registry of Deeds, the property sold for $2,500,500.

This professional office building - along with its ownership rights, and parking rights involved with two nearby parking lots - was acquired by the buyer to combine with their immediately adjacent mill property located at 34 Franklin Street, currently being renovated into approximately 200+/- residential apartment units, and thereby provide additional parking which is in short supply in this area.  At the time of the sale, the 44 Franklin Street building was home to the Public Defenders, which tenant occupied the entire second floor. The vacant first floor portion was soon hoped to be a new location for Compass Innovative Behavior Strategies, which business operation specializes in behavioral therapy for autistic children and is currently headquartered in Bow, NH.  For full details on this sale, please contact Karl Norwood, Perry Snow or Matt Bacon at 603-668-7000 or info@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.