NAI Norwood Group Sells 120 Unit Apartment Complex in Laconia

Laconia, NH – NAI Norwood Group is pleased to announce the sale of Lakeshore Estates in Laconia, NH. Andy Fleisher, CCIM, represented the seller, and assisted the buyer in the sale. Lakeshore Estates is a garden style apartment complex consisting of 4 buildings, 120 units and 118,032+/- SF. According to the Registry of Deeds the sale closed March 10, 2014 for $4,900,000.

The lead financing was handled by Andre Tremblay, Vice President and Commercial Loan Officer with Franklin Savings Bank in Bedford, NH. Secondary financing was with Sugar River Bank.  Andrew Prolman, an attorney with Prunier & Prolman P.A., in Nashua, NH, assisted the buyer in this complex transaction.  This was the first time this property had been available for purchase in over 30 years. The Property was 93% leased at the time of the sale, and consists of 4, three-story buildings and a recently renovated swimming pool. The new owners intend to continue to manage this complex as the previous owners had, and they will continue to upgrade the interior of the apartments as well as updating other aspects of the Property. 

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.

NAI Norwood Group Represents Buyer in a 1031 Tax Deferred Exchange

Peterborough NH – Andy Fleisher, CCIM, of NAI Norwood Group, represented the buyer in this sale of investment real estate, as part of a 1031 Tax Deferred Exchange.  Bradley Vear, CCIM, SIOR, of Vear Commercial Properties, Inc. represented the seller, 125 Kublin Road, LLC, of East Moriches, NY.  John Bosen, attorney for Bosen & Associates, P.L.L.C., of Portsmouth, NH, assisted the buyer with this 1031 Exchange.

The sale was for a ground lease to a CVS Pharmacy, located at 125 Dublin Road in Peterborough, NH, adjacent to a Shaw's Grocery Store.  This location at Dublin Road is also known as the Peterborough Bypass, and NH State Route 101. The sale price was $2,985,000.  The property was built in 2008, and consists of 1.97 acres of land improved with a 13,167 square foot drugstore, with prescription drive-thru.  Andrew Fleisher, CCIM, is an investment real estate specialist with NAI Norwood Group, with offices in Portsmouth and Bedford, NH.  Also assisting in the sale was Michael Yuras, CCIM, of Cornish & Carey Commercial Newmark Knight Frank, based in San Mateo, CA.

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 40+ 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 100 Market Street Suite 200, Portsmouth, NH 03801 (603) 431-3001.

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.

Andy Fleisher Leases 12,000SF

PRESS RELEASE Contact: Kelly Henson 431.3001

Portsmouth, NH – Andy Fleisher of NAI Norwood Group Portsmouth announces that EmersonMade, LLC has leased a portion of the property at 933 US Route One Bypass, Portsmouth, NH. Andy Fleisher of NAI Norwood Group represented Sarnia Properties and assisted EmersonMade, LLC. The 12,000 SF mixed use building will be used as warehouse and distribution for the high end women’s clothing manufacturer.

EmersonMade, LLC, also known as Emerson Fry, is described as “a company that believes in celebrating the uniqueness of the individual, the joy of being alive and all the smallness that makes up the Big Beautiful.” The company moved into the space on May 25, 2012.

The nearly 60,000 SF building on 3.51 acres used to be Portsmouth Paper Company and still has 32,000 SF available for lease. The building has been upgraded to accommodate a variety of tenants. To inquire about purchasing this investment property contact Andy Fleisher at (603)637-2001.

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.

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