Jeanne Butler Assists Northeast Credit Union in Finding a New Location

PRESS RELEASE Contact: Sarah Carson 668-7000

Jeanne Butler of NAI Norwood Group Assists
Northeast Credit Union in Finding a New Location

Merrimack, NH – NAI Norwood Group is pleased to announce the lease of 2,400 SF retail space to Northeast Credit Union. Jeanne Butler, of NAI Norwood Group, represented the lessor, G&G Scully LLC, and their 4,800 SF stand alone, shared retail building located at 370 Daniel Webster Highway in Merrimack, NH. This was the old Zoot’s dry cleaning location. Jeanne Butler was able to assist Northeast Credit Union in their transaction with G&G Scully LLC, bringing the lease signing to a successful close and giving Northeast Credit Union a brand new location.

“Northeast Credit Union, with its main office in Portsmouth, wanted to open a branch in the Merrimack, in the Daniel Webster Highway area. Their initial lease term is for 5 years with options. This building was the perfect size for them along with great visibility and strong drive-by traffic. The open floor plan with drive up window made it an easy choice” said Butler. They are planning an exterior ATM also. Scheduled opening in October 2012. An abutting 2,400 SF unit is still available. Please contact Jeanne Butler at NAI Norwood Group 603-668-7000 x 204.

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 strong 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 http://www.nainorwoodgroup.com/. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

Press Release for Chester College

PRESS RELEASE Contact: Sarah Carson 668-7000



NAI Norwood Group to Market Chester College of New England

Chester, NH – NAI Norwood Group is pleased to announce they are currently marketing Chester College of New England in Chester, New Hampshire. Karl Norwood, John Hoben, and Chris Norwood, all of NAI Norwood Group, are the brokers and advisors to the college. The college recently closed its doors following May’s commencement ceremony. Prior to closing the school was home to some 200+/- art students each year with offerings including a full library, art space, dormitories and kitchen.

There are many opportunities for reuse and redevelopment of the former Chester College campus in Chester New Hampshire. Chester is a quintessential small New England town, a ten mile drive from New Hampshire’s largest city of Manchester and a fifty mile drive to Boston, Massachusetts. The campus is located seven miles from Interstate 93 and nine miles from NH Route 101.

The small New England art campus underwent substantial renovation in the mid 2000’s with numerous improvements in many of their buildings. Most of the upgrades were directed to code, life safety and energy enhancements which brought the campus up to date. The single largest and most recent expansion was the 2002 construction of Preston Hall, a 23,000± SF modern student residence hall.

The campus sits on two lots, and is offered for sale either in its whole or in parts, subject to sub-division. NAI Norwood Group is currently marketing the college with five different scenarios in which their sister company Real Living The Norwood Group has been brought in to market two residential properties. One of these properties being Douglas Hall.

Douglas Hall, formerly the Governor Bell House, was first built by Ebeneezer Flagg around in the mid 1700’s. The main house wasn’t added as the Governor Bell House until the early 1800’s. The Queen Anne style home can be purchased separately from the college campus as well as other buildings on the campus. The Bell family was very well known not just in Chester but throughout the state of New Hampshire as four generations of Bell family men served as governor.

“There is substantial infrastructure that is in place. We are hopeful that the end buyer or institutional user can make use of the large gathering facilities and dormitories,” said Chris Norwood, Executive Vice President, NAI Norwood Group.

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 strong 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 http://www.nainorwoodgroup.com/. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603) 668-7000 or 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

To inquire about the residential properties being offered please contact Ed Buczynski with the Real Living The Norwood Group Bedford office at 116 South River Road, Bedford, NH 03110 (603) 472-4400. Or you can visit www.realliving/Norwood-Group.com.

Press Release 21 Congress St. Portsmouth

Portsmouth, NH – Andy Fleisher of NAI Norwood Group Portsmouth announces that Thirsty Moose Taproom & Pizzeria, LLC has leased the property at 21 Congress Street, Portsmouth, NH. Andy Fleisher of NAI Norwood Group represented the landlord, Wenberry Associates, LLC and Chris McInnis, Paul McInnis, Inc. represented the tenant.

The Thirsty Moose moved in May 1, 2012 and will be opening soon. Owners Joe Kelley and Carrie Stepien have given the place a face lift complete with a new bar and a replica of the Memorial Bridge inside. They will have an amazing 100 beers on draft to accompany an American Bar & Grille Menu featuring meats made in house from scratch and gourmet pizza. Joe Kelly and Carrie Stepien also own and operate Joe’s New York Pizza and Fat Belly’s in Portsmouth.

Property consists of 7,000± square feet of restaurant and kitchen space and a 2,000± square foot lower level space that is built-out for a bar, with area for music and/or dancing.

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 strong 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 http://www.nainorwoodgroup.com/. Or contact one of our offices: 116 South River Road, Bedford, NH 03110, (603)668-7000 or 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

Reflection on NYC ICSC 2009 - By Chris McMahon

On December 7^th and 8^th over 6,000 shopping center industry professionals converged upon New York City for the International Council of Shopping Centers (ICSC) 2009 New York National Conference and Deal Making event. The ICSC holds this two-day national conference annually, for which professionals travel from all over the country to participate in. In attendance this year, from NAI Norwood Group’s Portsmouth New Hampshire office, was Managing Broker Brian O’Brien and I.

The two day conference was comprised of several different important events and sessions. I found that the most notable event of the conference was Deal Making where over 400 exhibitors occupied nearly all of the Hilton Hotel’s exhibition halls and the Sheraton Hotel’s Metropolitan Ballroom. It was in those exhibition halls that retailers, developers, real estate brokers, engineers, and other industry professionals congregated. A 35,000 SF retailer looking to expand into the Northeast, Ultimate Electronics, could be seen showing interested developers and brokers their expansion plans for 2010 and their site requirements. Developers and brokers could be seen showing retailers their newest development projects and available retail space. I noticed that there was a lot of energy in the air on the deal making floor this year with renewed excitement and enthusiasm for 2010. When attendees weren’t busy finding their way through Deal Making they had other high profile events they could attend such as the Retail Runway.

It has become a common place for the volunteer Program Planning Committees to organize an event called Retail Runway where popular national retailers are given the opportunity to showcase their business and expansion plans for the upcoming year. This year, participating retailers included Auto Zone, Dollar Tree, Game Stop, Hobby Lobby, Planet Fitness, Halloween Venture, Kiddie Academy, Muscle Maker Grill, REI Sporting Goods, Rosa Mexicano Restaurants, ShopRite, Sonic, and Wingstop Restaurants. The ICSC Planning Committee placed a unique twist on the event this year by also showcasing a one minute clip of each of the above mentioned retailers “favorite fans” prior to the retailer’s presentation. The “favorite fan clips” were a huge success as most of them had all of us roaring in laughter.

Planet Fitness, a National Franchise of Fitness Clubs whose headquarters is in Portsmouth NH, was well represented by the Director of Real Estate, Brian Kunkel. Kunkel explained how Planet Fitness got started in New Hampshire and quickly grew to a chain of over 300 stores in 33 U.S. States. Planet Fitness is currently in expansion mode with plans to open 85 to 100 locations nationwide in 2010. Kunkel discussed Planet Fitness’s real estate requirements which include 15,000 to 25,000 SF, 100+ parking spaces, and 14’ ceiling heights in suburban locations. He also explained that Planet Fitness requires 15,000 to 25,000 SF which can be on multiple levels, with 9’ ceilings in urban locations. By being a customer of Planet Fitness and also living in Portsmouth NH, I was able to relate to the real estate requirements of the company and why they have been so successful with their business model.

Overall, the event was well attended and there seemed to be a greater amount of activity in comparison to the New York National Conference and Deal Making event that took place in 2008. This was my second time attending the New York Conference and my sixth ICSC National or Regional Conference. NAI Norwood Group is typically represented at the Boston ICSC Regional Conference, the New York ICSC National Conference, and the Las Vegas National Conference. I continue to experience the benefits of being a member of the International Council of Shopping Centers and volunteering on committees such as the New Hampshire Next Generation Event committee. Thanks to everyone who helped make the 2009 New York Conference as success. See you next year!

Chris McMahon

Commercial Sales and Leasing

NAI Norwood Group