Manchester NH
– NAI Norwood Group is pleased to announce the sale of 655 South Willow Street
in Manchester NH. Karl Norwood and John Hoben of NAI Norwood Group represented
German based OSRAM Sylvania and their real estate advisor, DTZ, Inc. to
successfully bring the property to the market, procure the buyer, and complete
the transaction at a purchase price in excess of the marketing price. The property was purchased by a joint venture
of Brady Sullivan Properties, LLC and The Anagnost Companies, Inc. Realty and
Development of Manchester. According to
the NH Registry of Deeds, the transaction was completed on October 26, 2015 in
the amount of $4,200,000.
The 300,000+
SF multi-building manufacturing complex sits on 15+/- acres along Manchester’s
South Willow Street retail corridor. The new proposed project includes adding
another 10-12 retailers to the Queen City retail corridor and will bring jobs
not only in the retail sector but in construction as well.
“We are
pleased to have assisted OSRAM Sylvania in meeting their objectives,” said
Norwood, “and are also heartened that the strong, local buyer team has embarked
on an exciting reuse and redevelopment program for this important community
asset.”
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.
